Econometrics

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econometrics
n. method of examining economics processes using mathematical and statistical methods (building of mathematical models)


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Econometrics
Econometrics is concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles. Econometrics combines economic theory with statistics to analyze and test economic relationships. Theoretical econometrics considers questions about the statistical properties of estimators and tests, while applied econometrics is concerned with the application of econometric methods to assess economic theories.
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econometrics
Noun
1. the application of mathematics and statistics to the study of economic and financial data
(hypernym) economics, economic science, political economy


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Econometrics
the application of statistical and mathematical methods in the field of economics to describe the numerical relationships between key economic forces such as capital, interest rates, and labour.

Copyright © 2001, Ray Wright
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Econometrics
 
econometrics
econometrics
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