The theory and practice of econometrics is concerned with the problem of measurement in economics. As a form of sophisticated abstraction, econometric theories and models are directed towards developing, reviewing and synthesizing theories and models to analyze economic data. Over the last half-century, much has been realized through a systematic use of economic data in conjunction with economic and statistical models, sampling theories and inferential approaches. In this note, DRN features an econometric model written by Dr. Manuel Montes. A review of Philippine econometric models is conducted.
