- the application of statistical and mathematical techniques in solving problems as well as in testing and demonstrating theories.
Origin of econometrics
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- (functioning as singular) the application of mathematical and statistical techniques to economic problems and theories
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