econometrics
/ɪˌkɒnəˈmɛtrɪks
/plural noun [treated as singular]
The branch of economics concerned with the use of mathematical methods (especially statistics) in describing economic systems.For that matter, mainstream microeconomists or game theorists might be puzzled as well, for our authors aren't really describing economics but rather econometrics....
- The purpose of the present paper is to investigate the diversity of research strength for Australian universities in the broad discipline areas of economics, econometrics, finance and accounting.
- Labor economics has become virtually a branch of applied econometrics, with the usual large data sets and headless horsemen running around looking for patterns.
Derivatives
econometric
/ adjective ...- According to the authors, the objective of the book is to report on the current state of scientific advancement in the development of econometric methods in finance.
- Its aim is to provide an overview of econometric topics and to give an intuitive interpretation of econometric concepts and methods without the usual clutter of technical detail.
- Business economists can use it for consultation on almost any econometric problem.
econometrical
econometrician
- The choice is not a trivial one - for at least twenty years leading economists and econometricians in business, government and academia have argued both sides of this issue.
- Economists and econometricians are familiar with the concept of a lag.
- Except for economic theorists and econometricians, few members of the community appreciated the genius of a man who lived among them for 63 years.
econometrist
/ noun ...- An even greater problem is that many econometrists who have been working on this are challenging the IMF/World Bank methodology of purchasing-power-parity and data calculations.
- Econometrists develop for example models to explain and predict economic growth or inflation, to predict the price of shares, or to calculate the value of an option on a share.
Origin
1930s: from economy, on the pattern of words such as biometrics.
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