Meaning of “econometrics” in the English Dictionary

"econometrics" in English

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econometricsnoun [ U ]

uk /iˌkɒn.əˈmet.rɪks/ us /iˌkɑː.nəˈmet.rɪks/ specialized
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. 

(Definition of “econometrics” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"econometrics" in Business English

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econometricsnoun [ U ]

uk /ɪˌkɒnəˈmetrɪks/ us 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” from the Cambridge Business English Dictionary © Cambridge University Press)

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