Disciplines: Econometrics

Econometrics is a field of economics that uses statistical tools and mathematical methods to analyze economic data. Its goal is to better understand economic relationships—such as how changes in interest rates affect investment or how education impacts income. By applying data analysis techniques to real-world information, econometrics helps economists test theories, evaluate policies, and make predictions about economic behavior. In essence, it transforms raw economic data into meaningful insights, enabling more informed decision-making in both public and private sectors.