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Econometrics
(redirected from Models, econometric)

    Also found in: Encyclopedia, Wikipedia, Hutchinson 0.04 sec.
Econometrics
The application of statistical theories to economic ones for the purpose of forecasting future trends.

Notes:
Econometrics takes economic models and tests them through statistical trials. The results are then compared and contrasted against real life examples.

Econometrics
The quantitative science of modelling the economy. Econometric models help explain and predict variables of interest.
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