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Chapter 1 Introduction to Econometrics ~ Econometrics uses statistical methods after adapting them to the problems of economic life. These adopted statistical methods are usually termed as econometric methods. Such methods are adjusted so that they become appropriate for the measurement of stochastic relationships. These adjustments basically attempt to

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What are the objectives of econometrics? / Study ~ Econometrics mostly relies on two main mathematical and statistical methods: the null-hypothesis and the regression models.

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