William B. Considine studied economics and econometrics as an undergraduate. Econometrics combines statistics, economics, and math to analyze large amounts of data and develop simple relationships to test economic models and predict future trends. These forecasts are often used to drive economic policymaking. Econometrics employs tools like frequency distributions, regression analysis, and statistical inferences to test hypotheses. One area where econometrics informs policymaking is healthcare reform, where it must model costs to inform decisions around issues like provider reimbursement and utilization of services.