Abstract
This chapter emphasizes that an econometrician has to be a competent mathematician and statistician who is an economist by training. 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, see Frisch (1933).
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Baltagi, B.H. (2015). What is Econometrics?. In: Solutions Manual for Econometrics. Springer Texts in Business and Economics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-54548-1_1
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DOI: https://doi.org/10.1007/978-3-642-54548-1_1
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