How Econometrics Helps Us See the Bigger Picture

March 21, 2019
Kuhan Puvanesasingham
1 min
Technical

Econometrics is an applied science that extracts quantifiable relationships (called estimators) in observable economic data. Simple enough, right? The problem is that we’ll never be able to nail these relationships down exactly, so the game is to use available data to uncover reliable estimators to be used in models that explain what we see and produce generally successful predictions.

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