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Econometrics Glossary

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Econometrics Glossary

Glossary of Technical Terms Used in Introductory Econometrics

Econometrics has been defined as "the application of mathematics and statistical methods to economic data" and described as the branch of economics "that aims to give empirical content to economic relations." More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." The first known use of the term "econometrics" (in cognate form) was by Paweł Ciompa in 1910. Ragnar Frisch is credited with coining the term in the sense that it is used today.

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Last changed:

Dec 31, 2012

Category:

Finance

Developer:

CloudyBrain.com

Version:

1.0

Average Rating:

1.00 (1)

Size:

5.1 MB

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