Overview
Economic theories are expressed in the language of mathematics, however, they are often stated using a set of unknown parameters. Econometrics provides the tools necessary to fit real data to the theory, and thereby provide estimates of the unknowns.
Demos and Tutorials
OLS Regression
OLS Regression
is the workhorse in the econometrics playbook. It finds a linear approximation to a set of data based on given factors by
minimizing the squared error.