Is econometics still relevant to learn nowadays for financial risk management?

Question:

Is econometics still relevant to learn nowadays for financial risk management?.

Econometrics

Econometrics refers to using quantitative or mathematical models and techniques in order to test hypotheses and to forecast future prices or trends on the basis of historical data.

Answer and Explanation:

Econometrics is an essential part of any finance Course and hence, it is very relevant and important to learn econometrics for financial risk management, Econometrics helps in determining relationships between various variables and also helps in forecasting process or trends. It is widely used by a lot of people to test hypotheses, Hence, it is a significant part of finance.


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