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.

Academic institutions around the world offer a BSc or Bachelor of Science. This popular undergraduate degree is helpful in preparing students for the workplace or for advanced degree programs. The average BSc takes three to five years to complete.