Econometrics is the branch of economics that relies on mathematical and statistical formulas to determine the relationship between various economic principles based on experiential data. studybay.net is a website that brings fresh and relevant content that can assist you in excelling with your econometrics assignment help.
What is econometrics homework help all about?
The two broad categories in econometrics are:
- Theoretical econometrics– Theoretical Econometrics is the study of methods, both the procedure and the study of a new one; it is a system based on mathematical formulas; it deals with hypotheses of a particular theory.
- Applied econometrics– It is a branch of econometrics that works as the name states; it deals with set economic categories like employment, labor, portfolio theory, demand, and supply chain, the price elasticity of generic products, etc.
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