In an empirical economic analysis, how does the econometric model relate to the economic model? check all that apply.

Respuesta :

The economic model is similar to the econometrics model as Both models attempt variables and its identical to the econometrics model.

Both choose and introduce variables. The econometric model imposes a functional form on the more generally specified economic model. According to the data B and D are true and A and C are false.

Basically, empirical economics analysis is the approach of economics by first indicating the data by the specification of the econometrics model. This is the study of the evidence-based interpretation of data that could be resolved by this empirical method.

During the empirical study, econometrics is the core approach for the economics empirical model.

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