Data Science versus Econometrics

“I’ve been reading about data science, and I noticed that a lot of the econometric models I know came up a lot. What is the difference between them?” That’s a question I’ve been asked a few times over the past year and a half. It’s taken different forms (sometimes it’s a data scientist reading about econometrics), and it’s come from classmates, coworkers, and it’s even cropped up in job interviews. I read once that if three people ask something it’s worth writing about, so let’s get to it. It tends to come from people who know a lot about one field and a little about the other, like my coworker who works in economic consulting and was curious about data science and machine learning. Short answer, I see four main differences: <a href="https://ldtcoop.medium.com/data-science-versus-econometrics-a13ec6e8d1b5">Read More</a>