Josh Angrist: What’s the difference between econometrics and statistics?

Title:: Josh Angrist: What’s the difference between econometrics and statistics?
Description:: Isn’t econometrics just a fancy word for statistics? Nope. Master Joshway explains that while there is some overlap between the two fields, they’re motivated by different questions.

Statisticians use sampling to make statistical inferences about large populations. Econometricians, on the other hand, examine counterfactuals to make causal inferences.

See responses to other common questions: http://bit.ly/2ELVfVh
See the full Mastering Econometrics course: http://bit.ly/2C3TCSj
More from Marginal Revolution University: http://bit.ly/2XCPba6

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Video Language:: English
Team:: Marginal Revolution University
Project:: Mastering Econometrics
Duration:: 01:28

	John Silva edited Portuguese, Brazilian subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	John Silva edited Portuguese, Brazilian subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	Michel Smits edited Dutch subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	Michel Smits edited Dutch subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	Berna Kartal edited Turkish subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	Michel Smits edited French subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	Michel Smits edited French subtitles for Josh Angrist: What’s the difference between econometrics and statistics?
	Michel Smits edited French subtitles for Josh Angrist: What’s the difference between econometrics and statistics?