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ECO 342 Principles of Econometrics 

The Course, ECO 342 Principles of Econometrics, involve the regression method for analyzing data, which includes methods to describe the nature and degree of association between a set of variables. 

Econometrics is the combination of the use of the theory of Economics, statistical analysis, and mathematical functions to determine the relationship between a set of variables under the course ECO 342 Principles of Econometrics it also includes one or more independent variables which are as follows :

  • Price,
  • Income, 
  • Advertisement and Others. 

The methods for analyzing Econometrics under ECO 342 Principles of Econometrics Course are:

  • correlation coefficient
  • Regression equation.

ECO 342 Principles of Econometrics

3 Credits

This ECO 342 Principles of Econometrics course introduces students to multiple regression methods for analyzing data in economics & related disciplines. The mathematics of econometrics will be explored only as needed and will not be a central focus. Prerequisites of this course are BUS 308, and fulfillment of the Quantitative Reasoning Core competency. 

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