econometrics

[ ih-kon-uh-me-triks ]

/ ɪˌkɒn əˈmɛ trɪks /

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noun (used with a singular verb)Economics.

the application of statistical and mathematical techniques in solving problems as well as in testing and demonstrating theories.

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His boss, whom he admires, is waiting to meet with him about the big project.

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Origin of econometrics

First recorded in 1930–35; see origin at economy, metric², -ics

OTHER WORDS FROM econometrics

e·con·o·met·ric, e·con·o·met·ri·cal, adjectivee·con·o·me·tri·cian

[ih-kon-uh-mi-trish-uhn], /ɪˌkɒn ə mɪˈtrɪʃ ən/, e·con·o·met·rist, noun

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

How to use econometrics in a sentence

Nonetheless, I'd want a lot of solid econometric evidence that benefits of the former outweigh the costs of the latter.
Should People Be Forced to Buy Liability Insurance for their Guns?|Megan McArdle|December 28, 2012|DAILY BEAST
Ruth got a job as a secretary at the Nation newspaper while Obama applied his new econometric skills to the job at Shell.
The Tragic Life of Barack Obama’s Father|Sally H. Jacobs|July 10, 2011|DAILY BEAST
Wide use is to be made of econometric models in the search for optimal solutions.
Area Handbook for Bulgaria|Eugene K. Keefe, Violeta D. Baluyut, William Giloane, Anne K. Long, James M. Moore, and Neda A. Walpole

British Dictionary definitions for econometrics

econometrics

/ (ɪˌkɒnəˈmɛtrɪks) /

noun

(functioning as singular) the application of mathematical and statistical techniques to economic problems and theories

Derived forms of econometrics

econometric or econometrical, adjectiveeconometrist (ˌiːkəˈnɒmətrɪst), noun

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012