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Earn +20 ptsQ: What is theoretical econometrics?
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When could you use theoretical probability?
When there is a good theoretical model for the experiment and the model allows you to identify all the factors affecting the outcome and determine their impact on the outcome. Even if you cannot identify all the factors, you can still use theoretical probability but the predictions from your model will be less reliable. Econometrics is a good example of using theoretical probability based on an incomplete understanding of the model.
Why the Gauss Markov Theorem is Important in the econometrics?
because your econometrics professor said so!
What are the goals of econometrics?
to done some statistical problems arond income,consumption
What is the theoretical throughput?
What determines the theoretical throughput of a bus
What is the meaning of theoretical?
Theoretical: pertaining to, or consisting in theory
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