National open university of nigeria introduction to econometrics I eco 355

5.0 
SUMMARY 
 
The unit has discussed attentively the stages econometrics analysis from the economic 
theory, mathematical model of theory, econometric model of theory, collecting the data, 
estimation of econometric model, hypothesis testing, forecasting or prediction and using 
the model for control or policy purposes. Therefore at this end I belief you must have 
understand the stages of econometrics analysis. 
 
6.0 
TUTOR MARKED ASSIGNMENT
Discuss the stages of econometrics analysis 

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7.0 
REFERENCES/FURTHER READINGS 
Adekanye, D. F., (2008). Introduction to Econometrics, 1
st
edition, Addart Publication
limited, Lagos Nigeria. 
Dimitrios, A & Stephen, G., (2011). Applied Econometrics, second edition 2011, first
edition 2006 and revised edition 2007. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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UNIT 3 
COMPUTER AND ECONOMETRICS
CONTENTS 
1.0
Introduction 
2.0
Objectives 
3.0
Main content 
3.1. Definition of Macroeconomics 
3.2. Types of Econometrics Basic 
3.3. Theoretical versus Applied Economics
3.4. The Differences between Econometrics Modeling and
Machine Learning
4.0 
Conclusion 
5.0 
Summary 
6.0
Tutor-Marked Assignment 
7.0 
References/Further Readings 
 
 
1.0 
INTRODUCTION 
In this unit, we are going to know briefly the role computer application in econometrics 
analysis and to be able to convinced people that are not economists that computer help in 
bringing the beauty of economic model to reality and prediction. The computer 
application are peculiar to social sciences techniques/analysis and economics in