Probability Modeling of Synthetic Theories in Economics

Economic theories seek a scientific explanation or prediction of economic phenomena using a set of axiom, defined expressions, and theorems. Mathematically explicit economic models are one of these theories. Due to the unknown structure of each model, the existence of measurement error in economic committees and failure of Ceteris Paribus; the Synthetic of any economic theory requires probabilistic and statistical modeling. Therefore, understanding the current method of modeling and the importance of its proper use in economics requires economists to have an accurate knowledge of statistical modeling. The present study seeks to correct the view that although the purpose of providing statistical models is to experimentally test the claims of theories, statistical methods do not play a secondary role in economic theories, but the appropriate method of economic modeling depends on the correct use of statistical methods and probability models in the situation. of make a theory.