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What is Econometrics?
Econometrics is the practical application of Econometrics theory with the use of statistics for collecting and measuring data. Econometrics is a theoretical subject which needs hard data to back up its theory. This is where statistics comes into picture. Whenever, huge data or collecting huge amounts of data and segregating the data into meaningful information is required, statistical applications are needed.
A basic understanding of the concepts of mathematics, statistics and Econometrics are a prerequisite in Econometrics. Econometrics is useful in collecting data and making quantitative estimates of price, income and demand elasticities and returns to scale in production, technical efficiency, cost functions, wage elasticities, etc. All these can be studied and analyzed with the help of Econometrics.
Some of the topics covered under Econometrics can include:
- Basic Statistical Concepts
- Simple Linear Regression
- Multiple Regression Analysis
- Violations of Classical Assumptions
- Distributed Lags and Dynamic Models
- General Linear Model
- Regression Diagnostics and Specification Tests
- Generalized Least Squares
- Seemingly Unrelated Regression
- Simultaneous Equation Model
- Pooling Time-Series of Cross-Section Data
- Limited Dependent Variables
- Time Series Analysis
What We Do
Econometrics Online Tutoring
We offer Econometricsmetrics online tutoring services. Our online tutoring services have garnered a reputation among students for its quality and professionalism. To achieve this, we have adopted a customized approach in our services, where we cater to the unique needs of each student.
Before starting our online tutoring sessions, we try to know about the student’s level of understanding and then fine tune our teaching to match with the student’s pace. This makes it easier for the student who can otherwise think that he’s been rushed through without understanding the basics of the subject. Being a practical subject, Econometricsmetrics needs to be explained further. We take special care and teach how to solve problems and provide examples.
Econometrics Assignment help and Econometrics Homework Help
Apart from providing online tutoring, we also provide Econometrics assignment help and Econometrics homework help. Our tutors help students in finishing their assignments and homework on time. Our tutors explain the basic concepts of the topic and clear their doubts in their assignments or homework.
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