WHAT IS ECONOMETRICS ?

 ECONOMETRICS IS A SPECIALIALISED BRANCH OF ECONOMICS WHICH IS CONCERNED MOSTLY WITH EMPIRICAL VERIFICATION OF ECONOMIC THEORY .ECONOMETRICS HAS BOTH THEORETICAL SIDE AS WELL AS APPLIED SIDE .IN THEORETICAL ECONOMETRICS SEVERAL ESTIMATION TECHNIQUES AND TEST STATISTICS FOR ESTIMATES ARE DEVELOPED . THEORETICAL DEVELOPMENTS IN ECONOMETRICS HAVE BEEN QUITE RAPID IN RECENT YEARS .



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