Econometrics is a division of economics that uses the linear regression model, along with other mathematical formulas, to provide statistical analysis of many different economic policies and methods. Econometrics is necessary to help determine whether or not intended policies will actually develop as intended in the real world.

Earning a Bachelor of Science may take about four years, but the benefits of gaining improved skills can last a lifetime. Many schools also offer online or part-time schooling options, so that earning a BSc can be convenient for students regardless of their busy life.