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Econometrics is often a kind of statistical analysis that focuses on analyzing financial phenomena. Econometrics can be placed on social and Bodily sciences, and small business sectors.

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It is the solution to summarize and interpret the collected information during the numerical or graphical form. Descriptive Statistics requires two kinds of statistical Strategies. To start with is a evaluate of spread also called graphical summary. The graphical summary takes advantage of graphical representation to investigate facts.

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