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A good way to do econometrics is to look for good natural experiments and use statistical methods that can tidy up the confounding factors that Nature has not controlled for us
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference
Econometrics is interesting because it provides the tools to enable us to extract useful information about important economic policy issues from the available data. Students who gain expertise in econometrics will also find that they enhance their job prospects