“Econometrics is now being used by more companies than ever to address an ever growing set of questions. Econometrics Explained 2’s rationale is to enable readers to hold a conversation about econometrics confidently, not to build their own models. It provides an introductory guide to what econometric techniques can and cannot be used for, the planning and processes required to undertake an effective econometric analysis and explains the model development and analysis outputs.” Updated and expanded version of the earlier publication, with more detailed explanations, as well as helpful guidance on how to put together and manage an econometric modeling project.