(economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
Used in a Sentence
econometrics
Definition, parts of speech, synonyms, and sentence examples for econometrics.
Editorial note
You can think of econometrics as a branch of statistics that remained separate from the mainstream for historical reasons.
Examples19
Definitions1
Parts of speech1
Quick take
(economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
Meaning at a glance
The clearest senses and uses of econometrics gathered in one view.
Definitions
Core meanings and parts of speech for econometrics.
noun
(economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
Example sentences
You can think of econometrics as a branch of statistics that remained separate from the mainstream for historical reasons.
You also still haven't explained why you believe climate science deserves lower levels of care and transparency than econometrics.
Austrian economists are wary of making predictions in general, which goes hand in hand with their overall distaste for econometrics.
Most reject the advances made into econometrics, mathematic models, and modern neoclassical macro theory.
For one, it certainly requires more care because–unlike econometrics– Climate Science is actual science.
We were forced not to think in probabilities during my econometrics education if we talked about confidence intervals.
I should point out that my academic background was political science and econometrics, with only a smattering of comp.
If possible I would also try to study some econometrics which gives unparalleled insight into the correlation vs causation issue.
Perhaps there are charlatans confusing the issue, but I've seen some pretty absurd things written under the name of econometrics.
The bit about Econometrics seems a bit out of place and wrongheaded.
Anyway, all your examples (except for econometrics) are on the fringe of economics: Linear programming is almost never used, since economists like exact analytic solutions.
It's the standard in most other fields (e.g., biology, econometrics).
Quote examples
The paper, "Econometrics for Learning Agents" linked in the article is an older version.
Type in "econometrics of rent control" into your search engine.
"econometrics of rent control" brings here.
"In no other field of empirical enquiry has so massive and sophisticated a statistical machinery been used with such indifferent results" Vasily Leontief, Nobel Prize winner for his work in Econometrics If you're not Leontief, people won't want to hear you complain.
Proper noun examples
Happened a couple of times that articles posted on 'Journal of Econometrics' was denied (even by college students) for errors due to Excel.
How do you think they'd react to (a) Economics (b) Econometrics?
Econometrics uses all level of statistics to answer measurement questions.
Frequently asked questions
Short answers drawn from the clearest meanings and examples for this word.
How do you use econometrics in a sentence?
You can think of econometrics as a branch of statistics that remained separate from the mainstream for historical reasons.
What does econometrics mean?
(economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
What part of speech is econometrics?
econometrics is commonly used as noun.