11 Key Differences Between the Economic and Econometric model1 min read


The economic model and econometric model are the two models that are used in economics. The key differences between the economic and econometric model are the key concern of every student pursuing a degree in economics.  The economic model is the theoretical construct that represents the complex economic process, while the econometric model uses statistical concepts to determine the empirical extent of the economic model.

Key Differences Between the Economic and Econometric model

1. Meaning11 Key Differences Between the Economic and Econometric model

2. Concept

Key Differences Between the Economic and Econometric model

3. Modeling 11 Key Difference Between the Economic and Econometric model

4. Focusdifference between economic and econometric model

5. Applicationdifference between economic and econometric model

6. Outcomedifference between economic and econometric model

7. Naturedifference between economic and econometric model

8. Use of datadifference between economic and econometric model

9. Forecastingdifference between economic and econometric model

10. Significance test

difference between economic and econometric model

11. Exampledifference between economic and econometric model

Other online materials

Econometrics – Introduction to Econometrics 

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11 Key Differences Between the Economic and Econometric model1 min read
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