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.

The Republic of Lithuania is the official name of the country. It is found in Northern part of Europe. Lithuania appreciates science and technology in their education system highly. It has the basic aspects of primary, secondary and tertiary levels of education. Lithuania is another leading country in the provision of arts, science, engineering as well as technological courses. Lithuania has faced several challenges in higher education the last years that led to the creation of 20 universities to enhance its accessibility.

A masters is earned after students complete an undergraduate degree program. To obtain a masters, you usually need to complete 12 to 18 college courses that often involve completing comprehensive tests and/or a thesis.