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.

Students who hold some secondary education credentials and wish to enter a specific profession might find themselves best served by a graduate diploma program. These courses often take a focused look at a subject over the period of one or two years.