Linear regression belongs to the econometric methods of empirical research, which are applied in almost all sciences. Linear regression is set of econometric methods of estimating statistical causality between two or more factors (variables of interest).
Tag: empirical models
What is Econometrics?
Econometrics is part of the economic as a science, which deals with the statistical (empirical) modelling of economic theories (hypotheses) in order to explain, confirm or disprove economic theory empirically.
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