First some definitions regarding econometrics, regressions, types of data and independent and dependent variables are given. Then the basic function of a simple regression analysis is explained. Lastly, there is discussion of the meaning of the error term.

Forecasting is required in many situations. Stocking an inventory may require forecasts of demand months in advance.

This course offered by the International Monetary Fund (IMF) on edX provides an introduction in the major econometric tools used in standard Macroeconomics.