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INTRODUCTION Although it is a distinct discipline in its own right, Operations Research (O.R.) has also become an integral part of the Industrial Engineering (I.E.) profession.  This is hardly a matter of surprise when one considers that they both share many of the same objectives, techniques and application areas.  O.R. as a formal subject is about fifty years old and its origins may be traced to the latter half...

Introduction 1.1   What is Econometrics? The  term  “econometrics” is believed  to  have  been  crafted  by  Ragnar  Frisch  (1895-1973)  of Norway, one of the three principle founders of the Econometric Society, …rst editor of the journal Econometrica, and  co-winner ...