Which of the following refers to the study of the application of statistical tools (particularly regression analysis) to real-world data to estimate the models postulated by economic theory?
A) Managerial economics
B) Microeconomics
C) Macroeconomics
D) Econometrics

Question

Quizplus · Accepted Answer

Econometrics is the branch of economics that focuses on using statistical methods, especially regression analysis, to test hypotheses and forecast future trends based on historical data. It applies these tools to economic data to estimate economic models and analyze economic relationships.

Which of the Following Refers to the Study of the Application