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The term Econometrics implies economic models and tests them through statistical trials. The results are then compared and contrasted against real-life examples. This topic is the amalgamation of mathematics, statistical methods, and, more recently, computer science, to economic data and is described as the branch of economics that aims to give pragmatic content to economic relations.
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Scope and Importance:
Econometrics Conference provides the scope for opportunities to learn progressed by academicians. Econometrics Conference offers excessive quality content to suit the diverse professional development all over the globe. It is a perfect platform to discuss the current discoveries and developments in the field of Econometrics.
This is an application of statistical and mathematical theories to economics for the purpose of testing hypotheses and forecasting future trends. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference. Econometrics can be subdivided into two major categories: theoretical and applied. Econometrics uses tools such as frequency distributions, probability and probability distributions, statistical inference, simple and multiple regression analysis, simultaneous equations models and time series methods. An example of a real-life application of econometrics would be to study the hypothesis that as a person's income increases, spending increases.
The field of Econometrics is rapidly progressing; various National symposiums and Workshops are organized by different societies, association ant famous universities that provide a dedicated forum for the advancement, implementation and exchange of information. Around 10 National symposiums and Workshops are going to be held across the globe.
Relevant Societies and Associations:
List of related Journals:
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This page was last updated on 14th Sep, 2015
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