econometricadj.
/ᵻˌkɒnəˈmɛtrɪk/, U.S. /əˌkɑnəˈmɛtrɪk/, /iˌkɑnəˈmɛtrɪk/ Economics.
Of, relating to, or characterized by the application of statistical theory or methods to economic data.
ΘΚΠ
society > trade and finance > management of money > management of national resources > [adjective] > of or relating to branches of
socio-economic1883
socio-economical1893
agro-economic1925
econometric1931
econometrical1932
macroeconomic1939
microeconomic1941
micro1961
macro1974
1931 Science 6 Feb. 161/2 On Monday evening a group of mathematical economists meet to form a new society, to be called the Econometric Society, an International Society for the Advancement of Economic Theory in its Relation to Statistics and Mathematics.
1956 R. F. Harrod in A. Pryce-Jones New Outl. Mod. Knowl. 490 Trade Cycle study appeared an especially good field for the use of econometric methods.
1959 Economist 28 Feb. 809/2 The econometric model..represents the actual workings of the economy by a system of mathematical equations.
2000 Econ. Affairs 20 61/2 The old ideal that econometrics would somehow test economic hypotheses has more or less gone out of the window. What is very alarming is that we now often find econometric departments separate from economics departments.
Derivatives
econoˈmetrically adv. in an econometric manner; by using an econometric approach.
ΚΠ
1949 Amer. Econ. Rev. 39 438 Dr. Duesenberry has made certain approaches to the problem econometrically.
1967 Times 11 Sept. 7/3 Imports, through the productive men and machines they feed, are geared econometrically with exports.
2003 R. D. Pope in D. J. Meyer Econ. of Risk vi. 155 Attempts to measure econometrically the effects of food safety on consumer demand are fraught with measurement problems.
This entry has been updated (OED Third Edition, June 2008; most recently modified version published online March 2022).
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adj.1931