The main tool of econometrics is the linear multiple regression model, which provides a formal approach to estimating how a change in one economic variable, the explanatory variable, affects the ...

Econometric Theory, Vol. 21, No. 1, ET 20th Anniversary Colloquium: Automated Inference and the Future of Econometrics (Feb., 2005), pp. 60-68 (9 pages) Standard econometric model selection methods ...

The econometric models are compared with each other and with alternative explanations of data on investment based on surveys of anticipated investment and on mechanical forecasting schemes. The four ...

Spatial econometrics addresses the challenges posed by spatially correlated data, enabling researchers to understand and quantify how economic phenomena in one location can influence those in ...

Lawrence Klein, the University of Pennsylvania economist who won the 1980 Nobel Prize for his computer-based models that help governments forecast the future and act accordingly, died Sunday at his ...

Mathematical economics is a form of economics that relies on quantitative methods to describe economic phenomena.

China’s state-led economic model, which has produced remarkable growth for decades, is now showing signs of strain as costs ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Erika Rasure is globally-recognized as a leading consumer economics subject matter expert, ...