One of the primary advantages of using econometrics over typical results from economic theory, is that
A)it potentially provides you with quantitative answers for a policy problem rather than simply suggesting the direction (positive/negative)of the response.
B)teaching you how to use statistical packages
C)learning how to invert a 4 by 4 matrix.
D)all of the above.

Question

Quizplus · Accepted Answer

Econometrics provides empirical evidence and quantitative analysis that can inform policy decisions, rather than simply offering theoretical predictions. B and C are not accurate advantages of using econometrics.

One of the Primary Advantages of Using Econometrics Over Typical