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Master's Thesis Of an Econometric Model Research Methodology

The significance of econometric methods is that it has large-scale application in different areas like engineering, sciences, medical science, agriculture science etc. To summarize, the econometric methods are helpful in order to know about the stochastic relationship in mathematical format and identifying the relation between the different variables. The figure given below gives an idea of writing a dissertation in econometric methodology.<br>Contact:<br> www.tutorsindia.com<br> info@tutorsindia.com<br>Whatsapp: 91-8754446690<br>(UK): 44-114352002<br> <br>

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Master's Thesis Of an Econometric Model Research Methodology

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  1. HOWTOWRITEDISSERTATION INMETHODOLOGYOF ECONOMETRICMODELLING AnAcademicpresentationby Dr.NancyAgnes,Head,TechnicalOperations,TutorsIndia Group www.tutorsindia.com Email:info@tutorsindia.com

  2. Today'sDiscussion OUTLINE Introduction Dissertation in Econometric Modelling ImportantTips Summary

  3. INTRODUCTION Econometrichasbeenexplainedasaneconomictheorywhich hasitsassociationwithstatisticsand mathematics. Inotherwords,itcanbeexplainedashavingassociationwith measuringeconomic relationships. Theeconometricisamixtureofthreewidebranches,economics, mathematicaleconomics andstatistics. This field of economics aims at assigning numerical values the differentparametersofeconomicrelationshipswhichareusually defined in mathematical forms and integrated with empirical economics. Contd...

  4. Toidentifythevaluesofparameterstheeconometricmethodsareused. Econometricmethodsareactuallythestatisticalmethodswhichgiveanideaabout economicphenomena. The significance of econometric methods is that it has large scale application in differentareaslikeengineering,sciences,medicalscience,agriculturescienceetc. To summarize, the econometric methods are helpful in order to know about the stochasticrelationshipinmathematicalformatandidentifyingtherelationbetweenthe differentvariables. Thefiguregivenbelowgivesanideaofwritingadissertationineconometric methodology. Contd...

  5. Contd...

  6. Inthecontemporaryacademia-researchworldtherearebeingconductedresearch onseveralnewtopics,consequentlyleadingtoevolutionofsomenewdomains. There are different domains preferred by the candidates for pursuing their masters or PhD’s. The procedure required to be fulfilled for achieving any of these degrees remains almostthe same. Successful completion of any of these degrees requires a candidate to go through different steps, the dissertation submission being the most important one among them.

  7. Submitting a dissertation successfully requires one to be careful and attentive towardsthe details to be followedfor completing the dissertation. Though the organization of dissertation remains same for all the domains but the styleof presenting content varies. Forexample,inourcase,thedissertationisframedforeconometricmodelling. Thus,itbecomesmandatorythatthefactsareillustratedthroughproperlyillustrated figures,rather than emphasizingthe theory part. Contd...

  8. Similarly, to write a dissertation in econometric methodology it is of paramount significancethat a candidatefollows a properplan. Interesting blog: How to build empirical modeling for economic dissertation research

  9. DISSERTATIONIN ECONOMETRIC MODELLING It has been discussed in the previous section that econometric modelling is integration of statistics and mathematics,thusitrequiresonetobefamiliarwiththe methodologyofeconometricmodelling. Methodologyherereferstothemethodsofstudyusedfor theparticular field. Inthissectionemphasiswillbelaidonknowingabout writing a dissertation on methodology of econometric modelling.

  10. IMPORTANTTIPS In order to write a dissertation for methodology of econometricmodellingitisnecessarythatthecandidate isfamiliarwiththe termanditsapplications . Alsothecandidateshouldbeawareofthemethodsused foreconometric modelling. Thisinformationwillbehelpfulinplanningthecontentfor dissertation. Someusefulpointsarementionedbelow Contd...

  11. To write a dissertation on methodology of econometric modelling, one should first choosethemodelwhichcanindicatethedifferentfeaturesofthephenomenabeing studied. Theprimaryaimofmodellingistoexplainacomplicatedprocessthroughasimple model. Thus,intheabstractoneshouldclearlydescribethemodelusedandapproach followed. Alsoasnippetofthetoolsusedbythecandidateshouldbeprovided. Contd...

  12. Themodelchosenbythecandidateforwritingadissertationinmethodologyfor econometric modelling should contain all the variables as they will be helpful in describingthe behaviour ofthe economy. Themethodologychosenbythecandidateshouldbesufficientenoughininterpreting theprobability andits suitability forthe data gathered. Thereareavailableseveraldifferentapproachessothecandidateshoulddiscussthe approachto be usedin dissertation withhis guide. Therearesomebasicmethodologicalissuesassociatedwitheconometricssuchas application of probability theory to economics and the mapping between economic theoryand probability issues.

  13. Summary It can be explained from the above discussion that the methodologyofeconometricsisnotconfinedtothestudyof some specific econometric techniques; rather it is a meta- study which exhibits the contribution of econometrics to economicscience. A candidate planning a dissertation in methodology of econometricsmodellinghastokeepinmindtheprimary issuesassociatedwiththefieldandshouldsuggestsome novel approach to resolve the issues in a more efficient manner. Contd...

  14. To formulate a well-planned dissertationthe candidate should have in-depth knowledgeofhowtheapproachescanbeappliedtothemodelsandalleviatethe commonissues. Apartfromtheafore-mentionedpointsthecandidateshouldalsodiscussthedifferent methodologies, their pros and cons and then discuss the proposed methodology and itssignificance.

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