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Josh Angrist: What’s the Difference Between Econometrics and Statistics?

Duration: 01:28Views: 31.6KLikes: 458Date Created: Mar, 2019

Channel: Marginal Revolution University

Category: Education

Tags: economicseconometricsjosh angriststatistics

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: bit.ly/2ELVfVh See the full Mastering Econometrics course: bit.ly/2C3TCSj More from Marginal Revolution University: bit.ly/2XCPba6

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