The Application of Econometrics in Various Fields

Econometrics is a vital subject which has applications in various fields. The statistical techniques of this subject used for explaining complicated economic problems turn out to be tough for a student particularly when he hasn’t got any organized or guided lectures. So, under such a circumstance, a student is highly required a guidance to this subject which can be found either by hiring an economic tutor on online. Through these ways, a student will be able to solve the problems of econometrics well. If you have developed an interest in proceeding the economics subject post your first degree, then econometrics can certainly come to your rescue. There are many masters’ courses where progressive econometrics components are essential. The good news is that you can contact BookMyEssay for any kinds of econometric assignment help.

Learning Econometrics in the Class

Learning this subject in the class is viewed as the best method. A student ought to pay attention in his class to try as well as understand this subject according to his full might. A student can take down notes plus ask questions whenever he becomes doubtful. Whilst attending the class, it is hugely helpful to get a general idea regarding the syllabus that the class would cover in the subsequent classes. It is comparatively easier for a student to learn this subject with various formula and concepts. So, the following things are highly advisable to a student when he is attending econometrics class. Additionally, some online plus offline resources and the homework and assignment help on econometrics of BookMyEssay too can be hugely helpful to understand this subject better.

The Books Which are Hugely Helpful

For learning this subject, you will find many books by well-known authors and these books are used globally. The important books are mentioned below:

• Econometrics by Damodar Gujrati– This book is considered the best guide to this subject and it provides a small recap regarding the concepts of statistics that are used in the econometrics subject. Every concept of econometrics has been described in the best possible way and that too with various examples to make the students’ understanding better.
• Econometrics by Example by Damodar Gujrati– This book has got a dissimilar method from the above-mentioned book. This book follows an exclusive learning-by-doing tactic that doesn’t depend on complicated theory and mathematics. It is a must for the beginners as it has got many examples plus real-life problems.
• Introductory Econometrics: A Modern Approach by Wooldridge This book too is exclusive which diverges from abstract tools plus answers questions on the ways through which econometrics can be utilized for businesses, forecasting, policy-making etc. This book has got many pertinent real-life examples and while reading this book, a student feels as if he is studying in his class.
• Econometric Analysis of Cross Section and Panel Data – This book is not meant for the beginners and it can be used at a progressive level. It focuses on panel data sets and cross-section data.
• Most Harmless Econometrics – This book isn’t a guide to the concepts of the subject econometrics but it is viewed as a nice read because it provides less technical and entertaining summary of this subject.

Sometimes, it turns impossible for a student to buy books. Under such a circumstance, students can make use of the electronic versions and sometimes, use the scanned copies. However, it is always a wise idea to read a book instead of going through random content on the internet as books will help you in learning concepts which you ought to know. Additionally, it makes students more organized and planned.