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English definition of “econometrics”


noun [U]     /ɪˌkɒnəˈmetrɪks/ ECONOMICS
the part of economics that uses mathematics and statistics (= the study of the number of times something happens or is present ) to understand financial and economic information : Bank research is still too often based on complex econometrics, rather than talking to poor people in poor countries .
(Definition of econometrics noun from the Cambridge Business English Dictionary © Cambridge University Press)
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