What are the differences between econometrics, statistics, and machine learning? originally appeared on Quora: the place to gain and share knowledge, empowering people to learn from others and better ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “Economic Models,” p. 8). For ...

What is better – information that is cheap and wrong or information that is expensive and accurate? Soon, marketers may have to decide. Some months ago at my day job as head of marketing at the IT ...

Marketing attribution and its relevance have become a hot topic of conversation, with discussions comparing the outputs of attribution with econometrics or marketing mix modelling (MMM), and raising ...

Arnold Zellner, a leading economist at the University of Chicago Booth School of Business who pioneered the field of Bayesian econometrics, died August 11 at his home in the Hyde Park neighborhood of ...

“As a means of suggesting possibilities and probabilities rather than anything else, taken with enough grains of salt and applied with superlative common sense, [econometrics] won’t do much harm. That ...

ECONOMISTS develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables (see “What Are Economic Models,” F&D, ...

Gain the skills to apply mathematical and statistical methods to solve real-world economic problems facing our society. Econometrics uses statistical and mathematical methods and theoretical models to ...

Chicago Booth Adjunct Professor, David K.A. Mordecai is President of New York based advisory firm Risk Economics, Inc. and Co-Managing Member of Numerati ® Partners LLC, a data analytics, technology ...

Discover Jan Tinbergen's groundbreaking work in econometrics and dynamic macroeconomic models that earned him the first Nobel Prize in Economics in 1969.