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In applied econometrics, a statistical function refers to a mathematical rule or procedure that maps sample data into a numerical value or set of values used for estimation, testing, or inference. It is a core concept because econometric analysis relies on transforming observed economic data into meaningful measures that describe relationships among variables. Common statistical functions include estimators, test statistics, likelihood functions, and loss functions, _____ ___ ______ _____ ________ ________ ____ ___ ____ ___ ______.
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