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Econometrics literally means 'economic measurement'. It is a combination of mathematical economics, statistics, economic statistics and economic theory.
The two main purposes of econometrics are to give empirical content to economic theory and also to empirically verify economic theory. For example, econometrics could empirically verify if, indeed, a given demand curve slopes downward as economic theory would suggest. Empirical content is also applied, in that a numerical value would be given to this slope, while economic theory alone is usually mute on actual specific values.
Arguably the most important tool of econometrics is regression analysis (for an overview of a linear implementation of this framework, see linear regression).
More on [ Econometrics ]
new econometrics #noble RT @nikhilnarayanan beifitting tribute to Paul Samuleson http://bit.ly/6nmgM9 @the_hindu
Gagrin (Gaurang Desai) Tue, 15 Dec 2009 07:16:36 -0000
new econometrics #noble RT @nikhilnarayanan beifitting tribute to Paul Samuleson http://bit.ly/6nmgM9 @the_hindu
@MJV71 If economists really teach econometrics,it would sound like combat zone warfare.But also inversely:how society can gain like "Joseph"
essene (Boanerges) Tue, 15 Dec 2009 07:16:29 -0000
@MJV71 If economists really teach econometrics,it would sound like combat zone warfare.But also inversely:how society can gain like "Joseph"
Sweet dreams of econometrics...
kmmonroe (Michael Monroe) Tue, 15 Dec 2009 06:54:43 -0000
Sweet dreams of econometrics...
been 6hours + on this damn econometrics exam! grade=B1studying+B2classnotes+B3prayer+B4drpepper+B5kindessofSweetbabyJESUS #2old4thisish!
missyahya (Miss Yahya) Tue, 15 Dec 2009 05:10:02 -0000
been 6hours + on this damn econometrics exam! grade=B1studying+B2classnotes+B3prayer+B4drpepper+B5kindessofSweetbabyJESUS #2old4thisish!
What ya know about that econometrics with linear squared equations & regressions, R-squared terms http://twitpic.com/tkn1p
msmith513 (Matthew Smith) Tue, 15 Dec 2009 03:25:35 -0000
What ya know about that econometrics with linear squared equations & regressions, R-squared terms http://twitpic.com/tkn1p
@aditikatz i hate econometrics paper ... 2 days n i have written half page !
aimeyeteaa (Aimeyeteaa ) Mon, 14 Dec 2009 21:50:40 -0000
@aditikatz i hate econometrics paper ... 2 days n i have written half page !
gretl - gretl is an open-source econometrics package, designed for statistical modeling in economics. It comprises a shared library, a command-line client, and a GUI client written using GTK+.
Meta Description: [ homepage of gretl, the Gnu Regression, Econometrics
and Time-series Library ]
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