Ph.D Econometrics and Statistics

"Econometrics is the quantitative application of statistical and mathematical models using data to develop theories or test existing hypotheses in economics and to forecast future trends from historical data. Econometrics is the use of statistical methods using quantitative data to develop theories or test existing hypotheses in economics or finance. Statistics is the discipline that concerns the collection, organization, analysis, interpretation, and presentation of data. In applying statistics to a scientific, industrial, or social problem, it is conventional to begin with a statistical population or a statistical model to be studied. Populations can be diverse groups of people or objects such as ""all people living in a country"" or ""every atom composing a crystal"". Statistics deals with every aspect of data, including the planning of data collection in terms of the design of surveys and experiments."