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Econometrics is the branch of economics that relies on mathematical and statistical formulas to determine the relationship between various economic principles based on experiential data. StudentsAssignmentHelp.com is a website that brings fresh and relevant content that can assist you in excelling with your econometrics assignment help.

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The two broad categories in econometrics are:

  1. 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.
  2. 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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March 7, 2017