Econometric


[ih-kon-uh-me-triks] /ɪˌkɒn əˈmɛ trɪks/

noun, (used with a singular verb) Economics.
1.
the application of statistical and mathematical techniques in solving problems as well as in testing and demonstrating theories.
/ɪˌkɒnəˈmɛtrɪks/
noun
1.
(functioning as sing) the application of mathematical and statistical techniques to economic problems and theories
adj.

1933, from comb. form of economy + -metric.

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  • Economically

    [ek-uh-nom-ik-lee, ee-kuh-] /ˌɛk əˈnɒm ɪk li, ˌi kə-/ adverb 1. in a thrifty or frugal manner; with economy. 2. as regards the efficient use of income and wealth: economically feasible proposals. 3. as regards one’s personal resources of money: He’s quite well off economically. /ˌiːkəˈnɒmɪkəlɪ; ˌɛkə-/ adverb 1. with economy or thrift; without waste 2. […]

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