# Definitions for econometricecono·met·ric

### Princeton's WordNetRate this definition:0.0 / 0 votes

of or relating to econometrics

"econometric theories"

### WiktionaryRate this definition:0.0 / 0 votes

Combining economics and mathematics.

an econometric study

### WikipediaRate this definition:0.0 / 0 votes

1. econometric

Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference". An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships". Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used today.A basic tool for econometrics is the multiple linear regression model. Econometric theory uses statistical theory and mathematical statistics to evaluate and develop econometric methods. Econometricians try to find estimators that have desirable statistical properties including unbiasedness, efficiency, and consistency. Applied econometrics uses theoretical econometrics and real-world data for assessing economic theories, developing econometric models, analysing economic history, and forecasting.

### ChatGPTRate this definition:0.0 / 0 votes

1. econometric

Econometrics is the application of statistical and mathematical methods to the study of economic and financial data. It involves testing and estimating economic theories by using real-world data. This quantitative approach helps economists understand and predict economic trends, measure the impact of specific changes on a particular economy, and develop economic policies. It is a branch of economics that combines theory, data, and statistical methods to conduct quantitative analysis.

### Numerology

1. Chaldean Numerology

The numerical value of econometric in Chaldean Numerology is: 1

2. Pythagorean Numerology

The numerical value of econometric in Pythagorean Numerology is: 3

### Popularity rank by frequency of use

econometric#10000#29371#100000

## Translations for econometric

• econometric
• பொருளாதார

### Translation

#### Find a translation for the econometric definition in other languages:

Select another language:

• - Select -
• 简体中文 (Chinese - Simplified)
• Español (Spanish)
• Esperanto (Esperanto)
• 日本語 (Japanese)
• Português (Portuguese)
• Deutsch (German)
• العربية (Arabic)
• Français (French)
• Русский (Russian)
• 한국어 (Korean)
• עברית (Hebrew)
• Gaeilge (Irish)
• Українська (Ukrainian)
• اردو (Urdu)
• Magyar (Hungarian)
• मानक हिन्दी (Hindi)
• Indonesia (Indonesian)
• Italiano (Italian)
• தமிழ் (Tamil)
• Türkçe (Turkish)
• తెలుగు (Telugu)
• ภาษาไทย (Thai)
• Tiếng Việt (Vietnamese)
• Čeština (Czech)
• Polski (Polish)
• Bahasa Indonesia (Indonesian)
• Românește (Romanian)
• Nederlands (Dutch)
• Ελληνικά (Greek)
• Latinum (Latin)
• Svenska (Swedish)
• Dansk (Danish)
• Suomi (Finnish)
• فارسی (Persian)
• ייִדיש (Yiddish)
• հայերեն (Armenian)
• Norsk (Norwegian)
• English (English)

## Citation

#### Use the citation below to add this definition to your bibliography:

Style:MLAChicagoAPA

"econometric." Definitions.net. STANDS4 LLC, 2024. Web. 18 May 2024. <https://www.definitions.net/definition/econometric>.

## Are we missing a good definition for econometric? Don't keep it to yourself...

### econometric

Credit »

#### Free, no signup required:

Get instant definitions for any word that hits you anywhere on the web!

#### Free, no signup required:

Get instant definitions for any word that hits you anywhere on the web!

»
A gloat
B exacerbate
C descant
D fluster