ECONOMETRIC METHODS WITH APPLICATIONS IN BUSINESS AND ECONOMICS

Econometrics
Decision making in business and economics is often supported by the use of quantitative information. Econometrics is concerned with summarizing relevant data information by means of a model. Such econometric models help to understand the relation between economic and business variables and to analyse the possible effects of decisions. Econometrics was founded as a scientific discipline around 1930. In the early years, most applications dealt with macroeconomic questions to help governments and large firms in making their long-term decisions. Nowadays econometrics forms an indispensable tool to model empirical reality in almost all economic and business disciplines. There are three major reasons for this increasing attention for factual data and econometric models.

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Christiaan Heij
Paul de Boer
Philip Hans Franses
Teun Kloek
Herman K. van Dijk

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