Thursday, February 4, 2010

Econometrics

Mathematics and sophisticated computing applied to economics. Econometricians crunch data in search of economic relationships that have statistical significance. Sometimes this is done to test a theory; at other times the computers churn the numbers until they come up with an interesting result. Some economists are fierce critics of theory-free econometrics.

0 comments:

Post a Comment

 
Copyright 2009-10 UMRU AYAR.