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econometrics

econometrics

4 8.4
The use of math and statistics to study economic and financial data
  • noun
  • /ˌɛkəˈnəʊmɪtrɪks/
  • Specialized
translation icon : econometría
  • I wouldn't argue that there isn't an art to econometrics as opposed to statistics in the physical sciences.
  • spatial econometrics

Examples

  • Apparently, you are enjoying your first year of econometrics, banking, and macro classes.

    Blog text (21)
  • On Sunday evening, the department head called and asked if Michael could cover Jimmy's econometrics class the next day.

    Fiction book (1993)
  • There have to be some econometrics papers out there that have changed opinions.

    Blog text (8)
  • Now you remember a little bit of your sort of econometrics with means and variances.

  • At Chicago, he developed his view of economics as an empirical science and his interest in econometrics.

    Academic text (1992)
  • He's the new guy in econometrics we hired away from Indiana.

    Fiction book (1993)
  • Unfortunately, real-world data is messy, and econometrics can only do so much, so you need to engage the theory.

    Blog text (27)
  • We are not all as gifted as Edward Leamer is in econometrics, but we can learn the tricks if we study them.

    Academic text (2016)
  • True, the average economist realizes that he cannot reasonably expect a course in econometrics to give him tips on the stock exchange.

    Academic text (1992)
  • Economists use econometrics to analyze the relationship between various financial indicators.

How Mathematical

econometrics
  • Specialized
4 8.4
biometry
  • Specialized
7.9
managerial economics
  • Specialized
6.0

Surface Forms

econometrics singular
econometrics plural

Morphology

econometrics = econometric (transparent) = econom + metrics

The noun names the field formed from 'econom(o)-' (economy/economic) plus 'metrics' (measurement), so learners can infer the meaning from the components.

Etymology

Econometrics combines economy ('money and resources') and metric ('measure'), so it literally means 'measuring the economy'. That's why econometrics uses math and statistics to measure and study economic data.