Econometricsis a subject, or rather is a subset of mainstream economics that generally
deals with the mathematical methods in Economics, so can be visible in the name
itself. In other words,
Econometricsis a scientific method of applying a mathematical formula to an economic model
in order to justify its validity and viability The role of Econometrics is
vital as it serves quite a lot of purposes for a business. It helps in developing
new theories as well as test the viability of the existing theories. It is also
vital in forecasting future economic trends and therefore contributing to the
company's profit.
To master
Econometrics,AssignmentHelp you have to master Mathematics first and we all know how big of anightmare Mathematics is for most of us. And Mathematics being a base of
Econometrics, it just makes the course tougher than it should be! Remembering all those lengthy and toughformulas and then learning to implement them to Economic models sounds no less
than a nightmare!
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