Econometrics

… a core term used in Economic Analysis and Atlas102

Definition

The Economist defines econometrics as mathematics and sophisticated computing applied to economics.

The Economist goes on to say:

“Econometricians crunch data in search of economic relationships that have statistical significance. Sometimes this is done to test a theory; at other times the computers churn the numbers until they come up with an interesting result. Some economists are fierce critics of theory-free econometrics.”

Atlas topic, subject, and course

The Study of Economics (core topic) in Economic Analysis and Atlas102 Economic Analysis.

Source

The Economist, Economics A-Z, at http://www.economist.com/economics-a-to-z/e, accessed 30 April 2016.

Page created by: Ian Clark, last modified 30 April 2016.