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What’s the difference between Econometrics and Statistics?

On first glance at its table of contents, an Econometrics textbook seems to be similar to a Mathematical Statistics / Statistics with Calculus textbook. What else is the difference between Econometrics and Statistics aside from Econometrics is a form of applied statistics and econometrics uses economic data.

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One Response to “What’s the difference between Econometrics and Statistics?”

  1. SDD said:

    That’s what they are. Statistics is to econometrics what tools are to a carpenter. Econometrics applies statistics to economic theory to analyze and test economic relationships




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