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.

---

econometrics British  

/ ɪˌkɒnəˈmɛtrɪks, ˌiːkəˈnɒmətrɪst /

noun

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

---

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

He received a bachelor’s degree in economics from Brigham Young University in 1975 and studied at Oxford University as a Rhodes scholar, receiving a master’s in applied econometrics in 1977.

From Washington Post

They have gained citations for their contributions to econometrics and cointegration analysis, which helps other economists study the short and long-term effects in previously impenetrable economic data.

From The Guardian

Hayarpi Tamrazyan, an econometrics student at Tilburg University, said on leaving the church with her parents and siblings that it was “unreal, it is a relief” to “finally go outside again, walk around”.

From The Guardian

Mr. Heath, who specializes in econometrics and monetary policy, is widely seen as an orthodox economist.

From The Wall Street Journal

Mr. Dowd, 24, is studying for both an M.B.A. and a doctoral degree, in econometrics and statistics, at the University of Chicago’s Booth School of Business.

From New York Times