Econome­­trics, the int­­ersection of economics and statistics, employs sophisticated methods to analyse and quantify relationships within economic systems. One of its fundamental tools is regression analysis, a statistical technique that allows economists tot model...

We tie our shoelaces to ensure that our shoes stay on tight, and we do these by tying a knot. There are different ways to tie your shoelaces, you may have learnt the “around the tree” technique, but somehow, they still always come undone, why? This all has to do with...

Last week, the elections for the Dutch parliament took place. This election came earlier than usual since the cabinet Rutte IV had fallen due to failed negotiations about policy toward asylum seekers. The same political parties formed the previous coalition, Rutte...

Imagine if tomorrow you were abducted, and before you knew it, you were trapped in a room with 99 other people who seemed to know nothing more about what was happening than you. You notice that everyone is wearing an orange jumpsuit, which is uniquely numbered. You...

“In terms of merit, sports have mathematical statistics. That is how you know who the best player is”. (Norm MacDonald) Until thirty/forty years ago people would most likely not believe in this statement, but the situation has changed since the end of the 90s when...

If you are a student in the discipline called Econometrics then you must have heard something along the lines of ‘Oh wow, that’s difficult’, followed by ‘I have heard that 1 in every 3 econometrics students will become a millionaire’. While I have since learned to...

Some of you may have heard of the name L’Hôpital whilst you were at school, but why was it so important? L’Hôpital’s rule, more pedantically known as “la régle de L’Hôpital”, is a highly useful technique for finding the limit of complicated expressions. To refresh...

Introduction Contrary to what you might expect, this article is not actually about sausages. It is not even about food at all. Instead, the sausage catastrophe is a mathematical phenomenon that occurs when studying the theory of finite sphere packing.  Finite...

Introduction In life, we often find ourselves caught in a peculiar paradox. We settle for situations that are less than ideal, believing that they could be worse or that they aren't so bad after all. Oftentimes, we find ourselves in circumstances that are not...

Imagine you are taking a stroll around the 18th century Prussian city of Königsberg (currently Kaliningrad, Russia). The river Pregel runs through Königsberg and there are two large islands in this river. The islands are connected to each other and to the mainland by...

With the dawn of the digital age, our ability to gather and process data has increased exponentially, permeating practically every aspect of life. This evolution has amplified the growing significance and relevance of econometrics, a field dedicated to utilizing...