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; see origin at economy, metric ², -ics

Example Sentences

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 • Jan. 9, 2022

Ms. Coates’s journey to the pinnacle of online gambling started after she graduated with an honors degree in econometrics from the University of Sheffield and joined her father’s catering business as an accountant.

From New York Times • Mar. 26, 2021

The science of econometrics hadn’t really begun until some time after Franklin D. Roosevelt took office.

From Washington Post • Aug. 24, 2020

Ms Coates earned a first-class degree in econometrics - the application of statistical methods to economic data - from Sheffield University before joining the High Street betting firm, run by her father.

From BBC • Dec. 18, 2019

While intellectually stimulating, decision theory, econometrics, and similar courses left me feeling adrift.

From "Just Mercy" by Bryan Stevenson