The statistical analysis of economic phenomena is defined as:
A) econometrics.
B) variance.
C) confidence intervals.
D) standard deviation.

Question

Quizplus · Accepted Answer

Econometrics refers to the statistical methods used to analyze and model economic phenomena, including regression analysis, time series analysis, and hypothesis testing. Variance, confidence intervals, and standard deviation are statistical concepts that are used within econometrics, but they do not capture the full scope of the field.

The Statistical Analysis of Economic Phenomena Is Defined As