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

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 • Jan. 6, 2023

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

While at Oxford, Dr. Feldstein was among the first economists to analyze economic data with a computer, becoming a leader in the field of econometrics.

From Washington Post • Jun. 12, 2019

In about an hour and a half, it somehow encompasses neuroscience, metaphysics, econometrics, philosophy of mind, social-exchange theory.

From New York Times • Oct. 16, 2018

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

From "Just Mercy" by Bryan Stevenson