econometricsnoun [ U ]uk /iˌkɒn.əˈmet.rɪks/ us /iˌkɑː.nəˈmet.rɪks/ specialized
Thesaurus: synonyms and related words
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.