Econometrics and the branches of his development
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Date
2021
Authors
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Journal ISSN
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Publisher
Ivane Javakhishvili Tbilisi State University Press
Abstract
The development of econometrics as a science is important and relevant for the fields of
economics and business administration. Analyze the current situation through causal relationships in these areas, determine prospects for the future, make management decisions, and so on. It was and will remain in the interests of science. With the help of econometric methods and models, problems of almost any level and depth (event, object, etc.) will be studied. For centuries, economics, mathematics, statistics have laid the foundation for the development of econometrics. The article examines in a historical context the achievements that made possible the formation of a new scientific direction a century ago.
Description
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Keywords
Econometrics, Fundamentals of Econometrics, History of Econometrics, Economics
Citation
VI International Scientific Conference: "Challenges of Globalization in Economics and Business", Tbilisi, 2021, pp. 232-238