As an Econometrician you will be working on the application of statistical methods to economic data in order to give empirical results and forecast future trends from historical data.
Econometricians conduct quantitative analysis of economic phenomena, using highly specialized statistical measures and mathematical formulae to interpret the data and generate quantifiable results. They create statistical models and predict economic principles and outcomes.
You may take any stream at +2 to be eligible for admission to an undergraduate course in Economics. A sound base in Mathematics will be of advantage and may be an essential requirement for some institutions. Also, preference may be given to candidates who have studied Economics at +2 level.
Take BA/B.Sc Economics which is of 3 years duration. Although in India Econometrics specialisation is not offered at Bachelor’s level there are many foreign universities offering BA/B.Sc Econometrics course.
Take MA/MSc in econometrics which is of 2 years duration.
After pursuing a masters, you may take M.phil (2 years program) or PhD (3-4 years) in Econometrics.
Requirements for admission into a PG course in one of the top institutions to help you get an overall picture
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An Econometrician must have strong analytical skills. They should be able to analyse data in detail, observe patterns, do advanced calculations, interpret and draw logical conclusions.
Econometricians must be able to use logic and reasoning to solve complex problems.
Econometricians must be able to explain their work to the team members. They have to do presentations and explain reports to clients as well.
Econometricians must be able to present their findings clearly. Many econometricians prepare reports for colleagues or clients; others write for publication in journals or for news media.