Economics is a rather complex discipline that uses both humanitarian and purely mathematical methods as a tool for analyzing various processes and building theoretical models. For creating the latter is often necessary to calculating algebra , differential equations and other problems.
This is a science whose purpose is to study qualitative and quantitative relationships using statistical and mathematical data. Without this discipline, the study of modern economics is impossible. Data that it operates, have the following specifics:
In general, econometrics involves the use of regressive methods (statistical research dependence of one variable on one or several independent) and panel analysis (study spatial microeconomic samples).
It involves the use of the following methods of economic analysis:
In fact, economics uses a lot of other mathematical methods that assume many complex calculations. On our service you can solve a math problem , differential, integral or another equation to make working with economic data easier.