Econometrics can be a department of economics that applies statistical and mathematical solutions and types to research economic info. It makes use of observations and theories to perform a quantitative Examination of the economic phenomenon.
Statistics is really a science that comes with info collection and analysis to be able to determine tendencies and styles that might be accustomed to reinforce logistics even even further.
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Skewness: Skewness identifies the extent to which a knowledge established within a statistical Evaluation differs from regular distributions.
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