Data Analysis Econometric v Machine Learning is one becoming obsolete?

A Ph.D Student's guide to Econometrics and Machine Learning Econometric modeling and machine learning can be considered as twin models. While econometric models are statistical models applied in econometrics, machine learning is a scientific field that studies about the formation and analysis of algorithms that can learn from data. Machine learning explained The generation of information is being carried out at a momentous rate nowadays. Being a very effective form of data analysis, machine learning automated analytical model building. It has its roots in artificial intelligence and believes that systems can learn from data.