MODULE 4: ECONOMETRIC MODELLING AND AUTOCORRELATION The general aim of this module is to provide you with a thorough understanding of the basic rudiments of econometric modelling. Stochastic Regression and Measurement Errors, autocorrelation, econometric modelling and models using time series data are explained. By the end of this module, you would have been able to understand the components of the module stated below. The units to be studied are Unit 1: Stochastic Regression and Measurement Errors