Econometrics is
A)a system of measuring economic variables.
B)the study of public finance.
C)the use of statistical techniques on economic data.
D)the use of mathematical techniques on economic data.

Question

Quizplus · Accepted Answer

Econometrics involves using statistical techniques on economic data to test hypotheses and make forecasts. While mathematical techniques may also be used, the primary focus is on statistical methods.

Econometrics Is