Econometrics is a branch of economics which applies computer science, statistical methods and mathematics to conduct a quantitative analysis of data. In simple terms, econometrics is applied by economists to analyse a large volume of data for the purpose of generating simple relationships between them. The term econometrics was originally used in the year 1910 by Ciompa Pawel. However, its modern use is attributed to Frisch Ragnar. The basic model that students use in an Econometrics Assignment ...