Best Econometric Assignment Help:
Simply speaking, econometric is the mathematical and statistical interpretation of economic theory and data. It’s an inextricable part of economics and students of economics, irrespective of their level of study, given assignments on econometric. The subject involves intensive knowledge of economics, statistics and mathematics. Thus, it is evident that econometric assignments are not easy to accomplish, particularly at postgraduate levels. It is when large many students from different parts of the world contact BME for expert guidance to get econometric assignments writing help in time.
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What is Econometric?
According to famous economist P.A. Samuelson, “Econometric is the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference”. So, the definition precisely shows how economic theories and interpretations get mass approval with the help of econometric.
Multiple of theories are propagated by the researchers over the centuries. In the modern economic scenario, those theories are meaningless until and unless those are applicable practically. Thus, econometric just helps the economists to adopt these various useful theories for human welfare.
What is an Econometric model?
Econometric models are actually statistical models used in solving various microeconomics and macroeconomic issues. Thus, an econometric model stipulates the basic relationship possessed by various economic quantities related to a particular economic phenomenon under study or research. Econometric models are mostly derived from deterministic economic models by allowing for uncertainty, or from an economic model which itself is stochastic. However, there are many economic models are available that are not tied to any specific economic theory.
While linear regression model is the most common and widely used model in economics, other models like vector auto regression, LOGIT, TOGIT, ARIMA, and generalized linear model are also very popular in economics.
Application of Econometric:
It is known to everyone studying or dealing this subject that all empirical economic investigations apply econometric. In fact, without econometric, economics is just a theory. Economic models need to be established and parameters of the models need to be fixed for making them suitable for applications. Hence, data are collected and structured using various tools of Econometric.
Econometric has wide many applications in different fields as well –
- Pure Econometric: An illustration of a problem in this field would be to estimate the impact of new fiscal measures on the economy of a country. The researchers need to extricate the effect of specific measures from other procedures.
- Quantitative Finance: Wide many financial products are marketed by banks, other financial companies and insurance companies. Econometric is used here by the experts who remain responsible for the complicated modelling and design of financial products.
- Quantitative Marketing: Econometric have intensive application in marketing data research and analysis.
- Operations Research: In quantitative approach to optimizing operations, application of econometric is required, e.g. in designing an algorithm to proficiently run a shipping terminal and also designing algorithms to streamline the anchoring schedules in ports of large container vessels, econometric is used.
Besides, in various fields like agriculture, labor, public administration, health, education, etc. econometric has wide ranging applications.
Nature of Writing an Econometric Assignment:
In any econometric assignment writing, a task remains inherent. The student needs to solve that problem, interpret the situation and get to a conclusion. He also needs to apply appropriate model to solve the problem and explain why he is using that particular model. Thus, writing an econometric assignment is a time consuming and tough job. As the task involves marks too, students get tensed when they find that a number of hurdles are crumbling up their precious time.
In this situation, it is always a good decision to take help with econometric assignment and solve the problems in the most efficient ways.
Feature of the writers:
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From the senior students, from their classmates, and from their previous experience, students of economics have got immense confidence and evidence that once a writer of this econometric assignment help service takes responsibility, getting high grades become a matter of time. Not only the writers, but the entire team of econometric assignment help is working 24×7 for keeping the students absolutely de-stressed with their assignments.