Econometrics is the branch of economics that...

Question

Econometrics is the branch of economics that...​

BlackTom AI · Accepted Answer

The question asks about the scope of econometrics and presents four options to evaluate.
Option 1: 'studies the behavior of individual economic agents in making economic decisions.' This describes microeconomics or behavioral economics rather than econometrics. It focuses on decision-making processes, not on estimating relationships using statistical methods.
Option 2: 'develops and uses statistical methods for estimating economic relationships.' This aligns with the core aim of econometrics: applying statistical techniques to quantify relationships between economic variables and test theories.
Option 3: 'deals with the performance, structure, behavior, and decision-making of an economy as a whole.' That describes macroeconomics, which examines the economy at aggregate levels, not specifically the econometric methods used to estimate relationships.
Option 4: 'applies mathematical methods to represent economic theories and solve economic problems.' This sounds like mathematical economics or theoretical modeling, which emphasizes formal derivations rather than empirical estimation with data.
Thus, Option 2 presents the definition most accurately, while the others describe related fields (microeconomics, macroeconomics, mathematical economics) but not econometrics itself.

AS.440.606.80.SP25 M01: Assignment

Econometrics is the branch of economics that...

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AS.440.606.80.SP25 M01: Assignment

Econometrics is the branch of economics that...​

查看解析

登录即可查看完整答案

类似问题

In a consumer society, many adults channel creativity into buying things

Economic stress and unpredictable times have resulted in a booming industry for self-help products

People born without creativity never can develop it

A product has a selling price of $20, a contribution margin ratio of 40% and fixed cost of $120,000. To make a profit of $30,000. The number of units that must be sold is: Type the number without $ and a comma. Eg: 20000

Which of the following statement regarding cost is correct:

Under the assumptions used in cost-volume-profit analysis, as the activity increases:

The CVP and break-even analysis are supported by a range of important assumptions. Which of the following is not an assumption of the CVP:

更多留学生实用工具

希望你的学习变得更简单

Econometrics is the branch of economics that...