1) Economic science 2) Economics 3) Political economy
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Econometrics is the application of mathematics, statistical methods, and, more recently, computer science, to economic data and is described as the branch of economics that aims to give empirical content to economic relations. More precisely, it is `the quantitative analysis of actual economic phenomena based on the concurrent development of theo....
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A branch of statistics that deals with the time series data common in economics and finance....
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The application of statistical methods to the empirical estimation of economic relationships. Econometric analysis is used extensively in international economics to estimate the causes and effects of international trade, exchange rates, and international capital movements.
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http://www-personal.umich.edu/~alandear/glossary/e.html
the statistical and mathematical analysis of economic relationships, often serving as a basis for economic forecasting. Such information is sometimes ... [6 related articles]
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The quantitative science of modelling the economy. Econometric models help explain and predict variables of interest.
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http://www.duke.edu/~charvey/Classes/wpg/bfglose.htm
Relevant terms: 2SLS, 3SLS, acceptance region, adapted, AIC, Akaike's Information Criterion, almost surely, alternative hypothesis, AR, ARIMA, ARMA, asymptotic, asymptotic variance, asymptotically equivalent, asymptotically unbiased, augmented Dickey-Fuller test, autocorrelation, autocovariance, autocovariance matrix, autoregressive process, avar, ...
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http://www.econterms.com/glossary.cgi?query=econometrics
Application of mathematical and statistical analysis to the study of economic relationships, including testing economic theories and making quantitative predictions. ...
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Using mathematics and statistics to study the economy
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The application of statistical methods to the estimation of economic models.
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Econometrics is the study of economic phenomena based on observed data. Its aim is sometimes described as the statistical verification of economic theories, in much the same way as experiments are used to verify theories in the natural sciences. However, this is only a partial analogy as the object of the economist's research is not always amenable...
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[
n] - the application of mathematics and statistics to the study of economic and financial data
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http://www.webdictionary.co.uk/definition.php?query=econometrics
econometrics The branch of economics concerned with the application of mathematical economics to economic data by the use of statistical methods.
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noun the application of mathematics and statistics to the study of economic and financial data
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Application of mathematical and statistical analysis to the study of economic relationships, including testing economic theories and making quantitative predictions
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