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econometrics

noun [U]
 
 
/ɪˌkɒn.əˈmet.rɪks/ US  /-ˌkɑː.nə-/ specialized

Definition

the testing of the performance of economies and economic theories using mathematical methodsEconomics and the state of the economy econometric
 
 
/-rɪk/ adjective
Economics and the state of the economy
(Definition of econometrics noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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