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Info-Bits
The Crude Oil Production By Region In 2022
(thousand Barrels/Day
(thousand Barrels/Day
1. Middle East
2. North America
3. Commonwealth of Independent States (CIS)
4. Asia Pacific
5. Africa
6. South America
7. Europe
2. North America
3. Commonwealth of Independent States (CIS)
4. Asia Pacific
5. Africa
6. South America
7. Europe
30,742
25,290
14,006
7,335
7,273
6,362
3,131
25,290
14,006
7,335
7,273
6,362
3,131
Source: Source: https://www.visualcapitalist.com/charted-worlds-biggest-oil-producers-in-2022/
The Commonwealth of Independent States (CIS)
1. Russia
2. Moldova
3. Belarus
4. Kazakhstan
5. Armenia
6. Tajikistan
7. Uzbekistan
8. Azerbaijan
9. Kyrgyzstan
10. Turkmenistan
2. Moldova
3. Belarus
4. Kazakhstan
5. Armenia
6. Tajikistan
7. Uzbekistan
8. Azerbaijan
9. Kyrgyzstan
10. Turkmenistan
Source: : google search / from sources across the web
Econometrics
Econometrics is a field of economics concerned with the use of mathematical methods (statistics) in describing economic systems.
Econometrics is the use of statistical methods to develop theories or test existing hypotheses in economics or finance. Econometrics depends on techniques such as regression models and null hypothesis testing. It is also used to forecast economic or financial trends.
Econometrics is a discipline that integrates statistical tools and modeling for economic data, and it is used by policymakers to forecast the effect and result of policy changes. Like with any other statistical tools, there are many possibilities for error when econometric tools are used carelessly. Econometricians should be careful to justify any of their conclusions with sound reasoning as well as statistical inferences.
Source: https://www.google.com.eg/search?q=econometrics+meaning
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https://www.investopedia.com/terms
/e/econometrics.asp#
toc-understanding-econometrics
