Quantitative Economic Analysis

Wienclaw, Ruth
April 2018
Quantitative Economics Analysis -- Research Starters Business;4/1/2018, p1
Research Starter
Economists are interested in interpreting data in order to better understand and predict the behavior of economies and economic variables. To do this, they need to be able to quantitatively analyze data in order to determine the effect of changes on variables of interest, or to weigh the relative merits of econometric models. Quantitative analysis techniques used in economics include many of the tools of inferential statistics as well as various tools for building empirical, testable models. Through the use of quantitative analysis, economists can test and validate their theories and revise them so that they better reflect the realities of real world economies.


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