Econometrics is the use of statistics to _____ economic models.
A) quantify and test
B) try to disprove
C) avoid the use of
D) create
E) simulate

Question

Quizplus · Accepted Answer

Econometrics involves the application of statistical methods to economic data to give empirical content to economic relationships. This means it is used to quantify and test economic models, rather than to avoid, disprove, or solely create them. Simulation can be a part of econometrics but is not its primary purpose.

Econometrics Is the Use of Statistics to _____ Economic Models