Econometrics lecture 1st

ECONOMETRICS Chapter # 1: Introduction Domodar N. Gujarati By : HamidUllah

WHAT IS ECONOMETRICS? ,[object Object],[object Object]

“ Econometrics is concerned with the empirical determination of economic laws ” (Theil 1971). Econometrics is the all about Considering Economic theory, Collecting data for the variable of economic theory and applying statistical tools on the data while testing some hypothesis and drawn some conclusion that is helpful in the policy making.

WHY ECONOMETRICS IS A SEPARATE DISCIPLINE? ,[object Object],[object Object],[object Object],[object Object]

METHODOLOGY OF ECONOMETRICS ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

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The data are plotted in Figure I.3

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METHODOLOGY OF ECONOMETRICS ,[object Object]

Econometrics lecture 1st

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