English Explanatory Dictionary

econometrics

English dictionary entry

Meanings

noun
  1. The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.

Pronunciation

/ɪˌkɒn.əˈmɛt.ɹɪks/ /ɪˌkɑ.nəˈmɛt.ɹɪks/ /ɪˌkɔn.əˈmet.ɹɪks/

Word forms

econometrics

Etymology

An adaptation of the French économétrie. Coined by Norwegian economist Ragnar Frisch in 1926. Compare the earlier German Oekonometrie (now generally spelt Ökonometrie), first used (in a different sense) by Polish economist Paweł Ciompa in 1910.

Related words

econometric econometrical econometrically econometrician econometrist econometry macroeconomics also coined by Frisch

Derived words

macroeconometrician macroeconometrics microeconometrics
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