Abstract
An econometrician has to be a competent mathematician and statistician who is an economist by training. Fundamental knowledge of mathematics, statistics and economic theory are a necessary prerequisite for this field. As Ragnar Frisch (1933) explains in the first issue of Econometrica, it is the unification of statistics, economic theory and mathematics that constitutes econometrics. Each view point, by itself is necessary but not sufficient for a real understanding of quantitative relations in modern economic life
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(2008). What Is Econometrics?. In: Econometrics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-540-76516-5_1
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