Introduction to Econometrics by Hicham and Mohamed Ibnalkadi
Econometrics is the application of statistical techniques to comprehend economic issues and test theories. Without evidence, economic theories are mere ideas and might have no bearing on reality. Econometrics is a set of tools that can be used to prove a theory with real-world data. Econometrics is a specialized branch of statistics that focuses on measuring quantities arising in economics. So, the primary goal of econometrics is to prove a prediction.
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