econometrics Hear it!

econometrics Definition

econo·met·rics (ē kän′ə me′triks′, i-)

noun

the use of mathematical and statistical methods in the field of economics to verify and develop economic theories

Etymology: econo(my) + metrics

econometrics Related Forms

econ′o·met′·ric adjective econ′o·metri′·cian (-mə tris̸h′ən) noun

econometrics Finance Definition

Use of computer analysis and modeling techniques to describe in mathematical terms the relationship between key economic forces such as labor, capital, interest rates, and government policies. The model allows variables to be changed so that different situations can be examined. An econometric model could show the relationship of unemployment to housing starts, for example.

econometrics Usage Examples

Preposition: of

datum: Other areas of interest include corporate taxation, the relationship between investment and economic growth, and the econometrics of panel data.

Converse of object

  • apply: My interest in systems was complemented by one in the applied econometrics of aggregation, another aspect of my PhD thesis.
  • include: Candidates may have research interests in any area of economics, including econometrics.
  • study: You also study econometrics, which forms the basis of modeling and testing in banking and finance.

Adjective modifier

  • financial: Kevin K Sheppard My research focuses on issues in financial econometrics.
  • applied: His current topic of research, " Migration within the UK, " falls in the area of applied econometrics.
  • basic: Texts DN Gujarati, Basic Econometrics ( 4th Edition ), McGraw-Hill.
  • theoretical: At the LSE it's economic theory and theoretical econometrics.
  • advanced: The objective is to enable students to understand more advanced econometrics most of which relies heavily on matrix algebra.

Modifies a noun

  • package: An adequate range of software is available on networked PC's including word processing and spreadsheet software and econometrics packages.
  • software: In addition, students are taught how to produce applied econometric work using Microfit econometrics software.
  • course: This course designed for students in BSc Economics and it builds on the level 2 Econometrics course.
  • textbook: Econometrics Resources on the Internet A site designed to accompany an econometrics textbook.
  • option: The MSc in Economics and Econometrics, which has a specialization in advanced econometrics and a choice from a set of further econometrics options.
  • project: There is also a compulsory dissertation or applied econometrics project, each involving an assessed oral presentation, in the single-subject degrees.

Noun used with modifier

  • series: Additional coverage of time series The two chapters on time series econometrics are rewritten to make them less technical.
  • time: Additional coverage of time series The two chapters on time series econometrics are rewritten to make them less technical.
  • specialist: MAP analysis program Our specialist econometrics and consulting division called MAP provides clients with channel neutral ROI analysis.