Econometrics is a branch of economics that links economic theory, mathematical economics and methods of statistical analysis, and is concerned with the development and improvement of methods and models for quantitative analysis of the economic structure, in order to establish the legality of the economic process, and to enable forecasting, planning and directing economic trends.
Our experts can help you deal with econometric model which typically consists of a system of equations that can be solved simultaneously so that the interaction of each variable associated with models is used to determine the behaviour of a set of (each) dependent variables. Results which are reached by applying econometric models are a starting point for testing various hypotheses (about stability, direction and intensity of the connection between the selected groups of variables, etc.), and the basis for the formulation of effective economic policy.
Our experts can help you apply econometrics in real economics, by estimating or determining the numerical values of the structural parameters on the basis of the data samples. Trust the experts at Homework Help, get a quote now.