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Econometrics is the study of quantitative application and the use of data to develop theories for statistical and mathematical models and to test the economics hypothesis along with forecasting the future trends of historical data. Econometrics is used to develop the relationship between economic variables such as demand or price.
Students from various universities get econometrics assignment as a part of their assessments and total grades. The purpose of econometric as an academic subject is teaching students about the use of the quantitative application in real-life economic theories such as to calculate poverty or gender pay gap. It is difficult to complete the econometrics assignment because it requires an excellent and advanced level understanding of mathematics and computer software. The subject demands excess time from the reader and great calculation and practical skills.
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