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.

An executive MBA, or EMBA, is a graduate level business degree. An executive MBA program is a lot like a regular MBA program. The main difference is that an executive MBA program is primarily designed to educate working executives, managers, entrepreneurs, and other business leaders.