THE CONCEPT AND GOALS OF THE ECONOMETRICS

Authors

  • Salayeva Quvonchoy Rustam qizi Tashkent State University of Economics Bachelor’s Degree Student

Keywords:

Econometrics, economic data, data sets, statistical methods, regression.

Abstract

We will discuss the fundamental principles and methods of econometrics, as well as the various models and methods used to analyse data sets. We will also look at how estimators estimate economic model parameters in econometric analysis. Finally, we’ll give real-world examples of econometrics’ success. Econometrics helps economists analyse complex variables and make data-driven decisions. It uses statistical methods to analyse economic data, estimate parameters, test theories, and predict events.

References

https://spires.co/online-econometrics-tutors/undergraduate/econometrics-fundamentals-essential-concepts-and-approaches

https://www.investopedia.com/terms/e/econometrics.asp#:~:text=Econometrics%20is%20the%20use%20of,against%20the%20theory%20being%20tested.

https://silapatharcollege.edu.in/online/attendence/classnotes/files/1656562046.pdf

https://homework.study.com/explanation/what-are-the-three-standard-uses-of-econometrics.html#:~:text=Three%20standard%20uses%20of%20econometrics%20are%20to%20develop%20models%20of,to%20society%20through%20those%20models.

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Published

2024-02-18

Issue

Vol. 2 No. 2 (2024): EJPIEP

Section

Articles

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

How to Cite

THE CONCEPT AND GOALS OF THE ECONOMETRICS. (2024). European Journal of Pedagogical Initiatives and Educational Practices, 2(2), 17-19. https://europeanscience.org/index.php/4/article/view/436