The statistical analysis of economic phenomenon is defined as:
A)econometrics.
B)variance.
C)confidence intervals.
D)standard deviation.

Question

Quizplus · Accepted Answer

The statistical analysis of economic phenomenon is commonly known as econometrics. It is a branch of economics that uses statistical methods to analyze economic data and make forecasts. Variance, confidence intervals, and standard deviation are all statistical concepts, but they do not define the overall field of econometrics.

The Statistical Analysis of Economic Phenomenon Is Defined As