econometrics

Meaning

Noun

• The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.

Origin

• An adaptation of the French économétrie. Coined by Norwegian economist Ragnar Frisch in 1926. Compare the earlier German Oekonometrie (now generally spelt Ökonometrie), first used (in a different sense) by Polish economist Paweł Ciompa in 1910.