Originally published in 1951, this volume reprints the classic work
written by one of the leading global econometricians.
Econometrics is structured as followed:
Part 1 explains the relationship of Econometrics to Economics and
Statistics.
Part 2 outlines the process of formulating economic hypotheses
mathematically and of subjecting them to a statistical test.
Part 3 deals with the various component equations of the economic
system - the psychic reactions, technical relations and reactions
of business life and describes the process of setting up an
economic model of the system as a whole.
Part 4 llustrates the use of econometric methods for policy
purposes.
General
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