econometrics

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English[edit]

Etymology[edit]

econo(my) +‎ -metrics. Although the first known use of the term was by Pawel Ciompa in 1910, Ragnar Frisch is given credit for coining the term in the sense that it is used today.[1]

Noun[edit]

econometrics (uncountable)

  1. (economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.

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References[edit]

  1. ^ 1987, Pesaran, M. Hashem, The New Palgrave: A Dictionary of Economics. Volume II, page 8–22: