econometricsnoun [ U ]
uk/iˌkɒn.əˈmet.rɪks/us/iˌkɑː.nəˈmet.rɪks/specializedthe testing of the performance of economies and economic theories using mathematical methods
Thesaurus: synonyms and related words
Economics
- autarchy
- broad money
- Chancellor of the Exchequer
- consumer price index
- credit crunch
- depressed
- downturn
- economist
- GDP per capita
- GNI
- hyperinflation
- market forces
- mixed economy
- pecuniary
- protectionism
- retail price index
- spending
- stall
- trade figures
- upturn
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econometric
adjective uk/iˌkɒn.əˈmet.rɪk/us/iˌkɑː.nəˈmet.rɪk/
Examples from literature
- In other words, our method remains econometrics, even though we end here with an increased awareness of the role of definitions.
- Mathematical economics already had the deductive approach, and econometrics assumed that only statistical approximation was feasible, but we can do better if we can find definitions that fit stylized facts.
- Since econometrics can only approximate reality, the true structural form can only be approximated.