Econometrics is the most advanced form of Applied Statistics, in which we analyze/measure the Quantitative Statistical data to find a result for reaching appropriate conclusions of data.
Econometrics is basically a combination of two words. "Econo" which is taken fro Economics while "Metrics" is the Greek word mean as Measurement. so basically and essentially Econometrics includes all those Statistical and Mathematical techniques that are used in the analysis of Economic data.
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