Definition of "econometrics" [e•con•o•met•rics]

• Application of mathematical and statistical techniques to economics in the study of problems, the analysis of data, and the development and testing of theories and models. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The Prizes to Heckman and McFadden, as well as to Engle and Granger, in econometrics were also shared for complementary contributions."
• "Another important breakthrough in econometrics was achieved by James"
• "For Jan, econometrics is essential in economic research, a vision that was, and still is, being contested."