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Has the gap between the rich and poor grown since ? How political campaign expenditure effects voting outcome? What is the effect of increase of income on expenditure?
If price of a product is reduced, what will be the increase in demand of that product? Other definitions of econometrics are: Methodology of Econometrics or Empirical Economic Analysis: Formulate the hypothetical question of interest; Build the economic model.
An economic model consists of mathematical equations that describe various relationships.
Econometric Analysis Assignment Help Econometric Analysis Econometrics is the application of mathematics, statistical methods, and more recently, computer science to economic data and is described as the branch of economics that aims to give empirical content to economic relations.
Econometrics Assignment Help. Introduction. Econometrics is the application of mathematical and analytical theories in economics for the function of screening hypotheses and forecasting future patterns.
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