The parameters estimated using econometric methods are generally used for ___________________ or _____________________.
A)testing hypotheses,predicting
B)confirming,denying effects of policy.
C)validation,repudiation.
D)generating data,probability distributions.

Question

Quizplus · Accepted Answer

The parameters estimated through econometric methods are usually used for testing hypotheses or predicting outcomes. They help in creating a statistical model of economic behavior, which can be used for various purposes, such as policy evaluation, forecasting, and decision-making.

The Parameters Estimated Using Econometric Methods Are Generally Used for ___________________