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Econometrics is a branch of economics that applies statistical and mathematical methods and styles to research economic facts. It employs observations and theories to execute a quantitative Examination of a monetary phenomenon.
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Gathering, analyzing, interpreting, presenting and organizing the info in generally known as astatistical research. Statistics can interpretaggregates of datatoo big to get intelligible byordinary observation because such information usually behave in typical, predictable fashion.
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