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Econometrics is the branch of economics that uses mathematical applications, statistics and computer science to depict economic data and study the growth of theories and measurements.
Economics is itself difficult for scholars and when it comes at solving its problems many students find it worrisome and they refuse to solve its practical problems because of poor basics they have. Econometrics is although more difficult stream because of mathematics based background. Students generally struggle to get their assignments done on time for this discipline, they rely on onlineeconomics tutor or econometrics assignment help. One of the difficult topic or unit within it is Statistics and Econometrics -Theory and Application, so let’s have an introduction with its importance.
What is Statistics and Econometrics -Theory and Application?
Course Statistics and Econometrics -Theory and Application is the study of classical linear regression and different diagnostic models and solutions for violations of classical assumptions and different forecasting models. It includes essential learning topics such as basics of econometrics and developing tools for applied economics problems, basic estimations, estimation procedures and their economics applications.
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