What is the study of econometrics and what is its role ?
Answer (1)
8th Aug, 2020
Hello student ,
The study of econometrics involves individuals to become critical consumers of statistically based arguments about numerous public and private issues rather than passive recipients unable to sift through the statistics. Such knowledge enables you to ask whether the evidence on the desirability of a particular policy, medical procedure, claims about the likely future path of the economy, or any other issue is really compelling or whether it simply sounds good but falls apart upon closer inspection.
Economics prepares students for careers in banking, insurance, manufacturing firms, real estate, consulting and government agencies and many more .
Hope it will help you !
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