Econometrics is a division of economics that uses the linear regression model, along with other mathematical formulas, to provide statistical analysis of many different economic policies and methods. Econometrics is necessary to help determine whether or not intended policies will actually develop as intended in the real world.

A foundation year is a scholastic program that gives students the chance to become familiar with college life and university courses. By preparing students for the expectations of higher education, foundation years may help students to be more successful in their academic careers.