Econometrics

<p>Originally published in 1951, this volume reprints the classic work written by one of the leading global econometricians.<br>Econometrics is structured as followed:<br>Part 1 explains the relationship of Econometrics to Economics and Statistics.<br>Part 2 outlines the process of formulating economic hypotheses mathematically and of subjecting them to a statistical test.<br>Part 3 deals with the various component equations of the economic system - the psychic reactions, technical relations and reactions of business life and describes the process of setting up an economic model of the system as a whole.<br>Part 4 llustrates the use of econometric methods for policy purposes.</p> <p><strong>Part 1: Introduction </strong>1. The Relationship of Econometrics to Economics and Statistics <strong>Part 2: The Working Methods of Econometrics </strong>2. Mathematical Formulation 3. Statistical Testing <strong>Part 3: Results of Econometric Research </strong>4. The Psychic Reactions 5. The Technical Relations 6. Reactions of Business Life 7. The Functioning of Economic Systems <strong>Part 4: Economic Policy </strong>8. The Use of Economic Research for the Purpose of Economic Policy</p>