econometrics
**econometrics**
What is econometrics?
Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is 'the quantitative application of statistical and mathematical models using data to test theories or hypotheses relating to economics, and to forecast future trends from historical data.' It subjects real-world data to statistical trials and then compares and contrasts the results against the stated hypothesis. Econometrics can be used to forecast macroeconomic indicators such as interest rates, inflation, and gross domestic product.
What other technologies are related to econometrics?
econometrics Complementary Technologies
Which job functions commonly mention econometrics?
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