econometrics

[ ih-kon-uh-me-triks ]
/ ɪˌkɒn əˈmɛ trɪks /

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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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-uh n] /ɪˌkɒn ə mɪˈtrɪʃ ən/, e·con·o·met·rist, noun
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2020

Example sentences from the Web for econometric

  • 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 econometric

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