Applied Econometrics Research

Applied econometrics is a branch of economics that applies statistical and mathematical theories to empirically test hypotheses of economic phenomena and forecast future trends. Using time-series, cross-sectional, or panel data, econometrics is used to empirically model a wide variety of topics including agricultural markets, commodity prices, technological change, consumer demand, and consumer behavior. Research in this focus area has addressed real-world business and policy issues such as determining factors of risk in consumer credit markets as well as commodity input and output markets, determining factors of environmental non-compliance by public water systems, and estimating water price elasticities of residential water demand.