econometrics econometrics  /ɪ ˌkɑ nə ˈmɛ trɪks/

Definition(s):

  • (n) the application of mathematics and statistics to the study of economic and financial data

Derived Word(s)

Usage(s):

  1. Forecasting by econometrics became immensely popular with corporate and Government clients, and today is a $100 million-a-year business.
  2. After graduating in mathematics from Xinjiang University in 1976, Tang became the first student in China since the Cultural Revolution to receive a master's degree in econometrics.
  3. The second-year electives put the theories to work: applied econometrics, financial instruments, application of finance theory.

News

  • LE Releases its 2015 Forecast for New Hotel Openings in its Mid-Year Report

    Lodging Econometrics’ (LE’s) forecast predicts New Hotel Openings of 739 Projects/ 82,587 Rooms for 2015, representing a growth rate for new supply of 1.6%. This is a slow, moderate but steady uptrend improvement over 2011’s cyclical bottom of 346 Projects/ 37,193 Rooms. Despite these increases, the industry is still far away from the peak for New Openings of 1,341 Projects/ 154,258 Rooms set in ...
    on August 13, 2013     Source: Hospitality Net

Quotes

  1. "As elegant as modern-day econometrics has become, it is not up to the task of delivering policy prescriptions," Greenspan writes. "The world economy has become too complex and interlinked."
    on Sep 16, 2007 By: Alan Greenspan Source: BusinessWeek

  2. Mr Cairns said, "On several occasions I have quoted the Minister's predictions by Cambridge Econometrics, Business Strategy and Oxford Forecasting that the Welsh economy is deteriorating in comparison with the rest of the UK only for them to be...
    on Aug 4, 2004 By: Alun Cairns Source: ic Wales

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