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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