Josh Angrist: What’s the difference between econometrics and statistics?
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- Title:
- Josh Angrist: Wat is het verschil tussen econometrie en statistiek?
- Description:
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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 - Video Language:
- English
- Team:
Marginal Revolution University
- Project:
- Mastering Econometrics
- Duration:
- 01:28
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Michel Smits edited Dutch subtitles for Josh Angrist: What’s the difference between econometrics and statistics? | |
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Michel Smits edited Dutch subtitles for Josh Angrist: What’s the difference between econometrics and statistics? |