Just like Mathematics, Econometrics is also very important subject as its application is must for several fields. For instance, econometrics can help study how much of the financial gap is explained by one’s educational level and experience. The students of econometrics stream find it very difficult to grasp few concepts of econometrics as sometimes it uses the techniques of statistical subject. Econometrics is a subject of foremost importance as it is applied in many fields. Students of econometrics want to…