Econometric model

Econometric models are statistical models used in econometrics. An econometric model specifies the statistical relationship that is believed to hold between the various economic quantities pertaining to a particular economic phenomenon. An econometric model can be derived from a deterministic economic model by allowing for uncertainty, or from an economic model which itself is stochastic.

Extends: [Econometric models](https://wikipedia.org.ai/Econometric models), [Mathematical and quantitative methods (economics)](https://wikipedia.org.ai/Mathematical and quantitative methods (economics))