What is Econometrics?

1.	What is Econometrics?
Answer» Origin Of Econometrics: 1. Economists tried to support their ideas with facts and figures in ancient times. 2. Irving Fisher is the first person, developed mathematical equation in the quantity theory of money with help of data. 3. Ragnar Frisch, a Norwegian economist and statistician named the integration of three subjects such that mathematics, statistical methods and economics as Econometrics” in 1926.

Answer»

Origin Of Econometrics:

1. Economists tried to support their ideas with facts and figures in ancient times.

2. Irving Fisher is the first person, developed mathematical equation in the quantity theory of money with help of data.

3. Ragnar Frisch, a Norwegian economist and statistician named the integration of three subjects such that mathematics, statistical methods and economics as Econometrics” in 1926.

Discussion

No Comment Found

Related InterviewSolutions

What were the two main occupations of the Rig Vedic Aryans?
Name the two political institutions which exercised check on the powers of the King in the Rig Vedic period.
What w’as the position of women in the Rig Vedic age ?
Describe the social life of the Rig Vedic Aryans with reference to the following: (a) The Family Structure (b) Position of Women (c) Varna System
With reference to the following explain the main features of the Rig Vedic Economy: (a) Agriculture (b) Domestication of Animals (c) Trade Transactions, Crafts and Transportation
Mention any two archaeological sources to reconstruct the later Vedic Age.
Mention any two of the Ashrams in the life of a man in Aryan society.
What information do we gather from the later Vedic literature in respect of: (a) Spread of Vedic Civilization to many New Regions. (b) Role of Iron in later Vedic Economy.
Mention briefly the rituals and sacrifices of the later Vedic Aryans?
What is the message of the Bhagavad Gita?

What is Econometrics?

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment