Econometric’s Assignment Help

What is Econometrics? 

Econometrics is a branch of economics wherein, statistical methods are applied to economic data. The most basic tool of econometrics is the linear regression tool.

Linear Regression Tool

The initial step in any analysis in econometrics is to carry out linear regression. Let us understand the same with an example –

If we consider Okun’s Law – This law considers the GDP to rate of unemployment.

Change in Unemployment Rate – (Δ)

Intercept – (β0)

Slope Coefficient – β1

Error Term – ε

Thus, we arrive at the following –

There are two types of linear regression –

1. Simple Linear Regression
2. Multiple Linear Regression

Aims of Econometrics 

There are 3 primary aims of econometrics. They are –

1. Forming and Specifying Economic Models – It is believed that form a single econometric model, one can obtain many economic models. However, the models differ due to various forms of function and specification. 
2. Estimating and Testing the Models – Each model is tested on the observation of the data. Multiple testing theories are applied in order to be able to determine the numerical values of unknown model parameters. After doing so, the most appropriate model shall be selected.
3. Usage – The selected model is thereafter used, in order to form policies and for forecasting purposes. This activity is very vital, as it helps the decision makers assess the usefulness of the selected model and facilitate necessary changes in order to re-adjust the same to be able to take appropriate decisions.

Applications of Econometrics 

Our econometrics assignment help experts have listed out the various applications of econometrics –

• Predicting the increase in revenue due to various marketing campaigns.
• Determining the relationship between management techniques and productivity of employees.
• Effect of minimum wage law etc.

Career Opportunities 

The various indus across which one can find employment due to a degree in econometrics is as follows –

1. Manufacturing Industry – Quality Control, Supply of new and innovative designs.
2. Financial Industry – Finance firms, banks, stockbrokers, insurance firms, etc.
3. Corporate Industry – Studying economic trends, management system evaluation.

Econometrics Assignment Help 

Lack of writing skills, lack of time, lack of understanding the assignment, are some of the many reasons why students seek econometrics assignment help.

In order to effectively complete an econometrics assignment, one must have a sound knowledge of statistical mathematics and computer science, which is mostly lacking in students.

This is where Online Assignment Services come into picture. Our experts have in-depth subject matter knowledge and assignment writing experience ensuring that every assignment is second to none in terms of quality and relevancy.

Econometrics Assignment Help Topics 

Our econometrics assignment writers prepare econometrics assignment on every topic including –

• Basic Econometrics
• Econometric Methods
• Mathematical Econometrics
• Microeconomics
• Forecast in Econometrics
• Applied Microeconometric Modelling
• Economics Analysis and Policies
• Time Series Econometrics
• Regression
• Econometric Techniques
• Financial Econometrics
• Market Efficiency Analysis
• Bayesian Econometrics etc.

Econometrics Techniques 

In this unit, students are taught about various techniques used for estimation. The various topics dealt with include model-selection procedures, asymptotic theory, stochastic regressors, instrumental variables, etc.

Students are taught to estimate the economic relationships, study the  data characteristics, various models of econometrics, interpretation of results through these models and much more.

They are also taught to apply theoretical knowledge into practical business decision making.

Forecasting in Econometrics 

This area of study introduces forecasting methods finance, business, finance, and marketing. Students are taught  modelling and trends related to the same. Students also learn about ARIMA models, leading indicators, regression models, etc.

Students also learn as to how to forecast trends, about stochastic trends, moving average, etc.

Bayesian Econometrics 

In the study of Bayesian Econometrics, students learn about the basics of Bayesian inference and how to apply the same.

Various topics taught would be predictive distribution, model comparison, Monte Carlo techniques, Metropolis Hastings algorithm etc.

They will also learn the methods to derive density functions for various econometric models such such as panel models and regression model.

Regression

Every year, we receive a huge number of regression assignments and understand the struggle that students face in the same. Online Assignment Services not just provides assignment assistance, but also helps students understand the subject. Therefore, our econometrics assignment writing experts have listed the steps to be followed in order to carry out a successful regression analysis –

• Statement of Problem
• Selection of relevant variables
• Data collection based on the variables
• Model specification
• Selection of model fitting method
• Model Fitting
• Model Validation
• Application of the selected model to solve the problems posed.

Econometrics Assignment Sample 

Given below is a econometrics assignment question solved by our econometrics assignment writer –

Econometrics Assignment Answer

Our Approach 

• The report was written in 3500 words as per the prescribed assignment requirements.
• A table with the summary of result was attached in the form of an appendix.
• The reason behind the empirical tests and the methodology adopted was clearly explained in a concise manner.
• The null and alternative hypotheses tested in each stage was clearly defined.
• Clear definition and reasoning of the techniques/statistical tests used.

Online Assignment Services 

• All our econometrics assignment writing experts of Online Assignment Services are highly qualified scholars. They have in-depth knowledge in the field of econometrics and as well as a hands on experience as well!
• Each econometric assignment is original and 100% original. We guarantee 100% plagiarism free assignments.
• Every assignment is comprehensively checked by our Quality Assurance team for errors and plagiarism.
• We ensure to adhere to the prescribed assignment requirements.
• We deliver every assignment on-time.
• Once you read through the completed assignment, you may contact us for any amendment or revisions. We do it for free!
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Do My Econometrics Assignment 

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