Econometrics may be defined generally as the 'application of mathematics and statistical methods to the analysis of economic data.' Theoretical econometrics considers questions about the statistical properties of estimators in an economic model. Those properties may permit testing an economic hypothesis as to its acceptance or rejection on the basis of statistical inferences from the available data set.
Continued by: Montana economic indicators, ISSN 0146-4302, issued by: Montana. Division of Employment Security. Research and Analysis