Definition of ECONOMETRICS

econometrics

Meanings

Noun

  • the application of mathematics and statistics to the study of economic and financial data
  • The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.

Origin / 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.

Scrabble Score: 18

econometrics is a valid Scrabble (US) TWL word
econometrics is a valid Scrabble Word in Merriam-Webster MW Dictionary
econometrics is a valid Scrabble Word in International Collins CSW Dictionary

Words With Friends Score: 22

econometrics is a valid Words With Friends word