econometrics

American  

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

noun

(used with a singular verb)

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

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econometrics British  

/ ɪˌkɒnəˈmɛtrɪks, ˌiːkəˈnɒmətrɪst /

noun

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

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Other Word Forms

• econometric adjective
• econometrical adjective
• econometrician noun
• econometrist noun

Etymology

Origin of econometrics

First recorded in 1930–35; economy, metric ², -ics

Example Sentences

"So I'm going to govern in econometrics," he said of the nerdy mathematical strain of economics.

From BBC

The eldest of four children, Ms Coates worked part time for the family firm while still at school, before gaining a first-class degree in econometrics.

From BBC

He also taught mathematics and econometrics at the University of California, Los Angeles, and marketing and econometrics at Yale.

From New York Times

Ms Coates achieved a first-class degree in econometrics and later trained as an accountant within the family firm.

From BBC

Recently, public health researchers have begun using the tools of epidemiology and econometrics to trace the ways carceral injury spreads to the general public, and to document the extent of its reach.

From Salon