Development Economics
Econometrics is the use of statistical methods to develop theories or test existing hypotheses in economics or finance. Econometrics relies on techniques such as regression models and null hypothesis testing. Econometrics can also be used to try to forecast future economic or financial trends. As with other statistical tools, econometricians should be careful not to infer a causal relationship from statistical correlation. Some economists have criticized the field of econometrics for prioritizing statistical models over economic reasoning.
Written for
- Institution
-
New York University
- Course
-
Development Economics
Document information
- Uploaded on
- May 25, 2023
- Number of pages
- 790
- Written in
- 2022/2023
- Type
- Class notes
- Professor(s)
- Dr bhatt
- Contains
- All classes