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