econometrics

noun/ɪˌkɒnəˈmɛtrɪks/

Frequency rank: #19,187 most common English word

Meaning

The application of statistical and mathematical methods to analyze economic data and test economic theories.

Illustration for the English word “econometrics”

Example sentence

She decided to study econometrics in graduate school because she wanted to apply statistical methods to economic data.

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