Econometrics takes economic models and tests them through statistical trials. The results are then compared and contrasted against real life examples.
Investment dictionary. Academic. 2012.
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econometrics — e*con o*met rics ([ e]*k[o^]n [ o]*m[e^]t r[i^]ks), n. the application of mathematics and statistics to the study of economic and financial data. [WordNet 1.5] … The Collaborative International Dictionary of English
econometrics — [ē kän΄ə me′triks΄, ikän΄ə me′triks] n. [ ECONO(MY) + METRICS] the use of mathematical and statistical methods in the field of economics to verify and develop economic theories econometric adj. econometrician [ē kän΄ōmə trish′ən] n … English World dictionary
Econometrics — Economics … Wikipedia
econometrics — the application of statistical and mathematical methods in the field of economics to test and quantify economic theories and the solutions to economic problems. Chicago Board of Trade glossary The quantitative science of modelling the economy.… … Financial and business terms
econometrics — econometric, econometrical, adj. econometrician /i kon euh mi trish euhn/, econometrist, n. /i kon euh me triks/, n. (used with a sing. v.) Econ. the application of statistical and mathematical techniques in solving problems as well as in testing … Universalium
econometrics — noun plural but singular in construction Etymology: blend of economics and metric Date: 1933 the application of statistical methods to the study of economic data and problems • econometric adjective • econometrically adverb • econometrician noun … New Collegiate Dictionary
econometrics — noun The branch of economics that applies statistical methods to the empirical study of economic theories and relationships. See Also: econometric, econometrician … Wiktionary
econometrics — Economic analysis using a combination of empirical data, techniques of statistical estimation, and (usually) some form of multivariate analysis , such as regression analysis, applied to economic theory. Econometric models of the economy are used… … Dictionary of sociology
econometrics — eÂ·coÂ·noÂ·metÂ·rics || Éªâ€škÉ’nÉ™ metrÉªks n. method of examining economics processes using mathematical and statistical methods (building of mathematical models) … English contemporary dictionary
econometrics — [ɪˌkɒnə mɛtrɪks] plural noun [treated as sing.] the branch of economics concerned with the use of mathematical methods (especially statistics) in describing economic systems. Derivatives econometric adjective econometrical adjective… … English new terms dictionary