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 ...

The field of econometrics and statistical methods encompasses a suite of techniques designed to quantify economic relationships, test theories using real-world data, and forecast future trends. This ...

Economists develop economic models to explain consistently recurring relationships. Their models link one or more economic variables to other economic variables. For example, economists connect the ...