econometrics

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  • noun

Words related to econometrics

the application of mathematics and statistics to the study of economic and financial data

References in periodicals archive ?
Statisticians and econometricians are very good at estimating something that is well defined, where well defined means that it is an identified property of a probability distribution.
The door of his home was always open to visitors, and a large number of econometricians and friends over the years had a chance to enjoy the warm hospitality of Clive and his wife Patricia Lady Granger.
My first instinct, following a common practice among econometricians, was to start from the existing literature and explore how inference would change if one were to weaken conventional assumptions in particular ways.
He finds it to be rather specialized for microeconomic applications--especially labor economics--with large sample sizes, including many techniques that arc unfamiliar to most econometricians.
A more academically oriented economics book would probably not have apologized for statistical technique in making the same point, or relegated these studies to Chapters 11 to 14 at the end, but this book is primarily aimed at activists, not econometricians.
No doubt Benson's own data and the studies he synthesizes will provoke great debate among the econometricians of crime, but to open the issues as audaciously as he does is itself a major contribution to our national self-appraisal.
Econometricians (nope, me neither) have been studying the Playboy archives (nope, me neither) and discovered that when times are hard and money is tight, the males of our species prefer older, taller, more muscular women.
Different econometricians might measure the output gap, [[gamma].
The best way I can illustrate this idea is to relate the story of the three econometricians who went hunting one day.
Nevertheless, econometricians may be unable to make precise distinctions regarding the extent to which aggregate price-setting behavior is influenced by factors such as firm-specific inputs and quasi-kinked demand; hence, there may be a strong motive for designing a monetary policy strategy that is robust to this source of model uncertainty (Levin, Lopez-Salido, and Yun, 2007).
If such efforts were made, I am sure one group of brilliant econometricians would find a causal linkage which showed that oil price movements were caused by changes in the exchange rate while a second equally brilliant group would find the reverse.
Therefore, following Campbell and Shiller (1987) and Engel and West (2005), the exchange rate is likely to embody important information about future commodity price movements well beyond what econometricians can capture with simple time-series models.
Econometricians are left with the difficult task of isolating the effect of a funds rate increase on variables such as output and inflation.
Arnold Zellner, one of the world's great econometricians, argues that theories should be tested in the extreme (Basic Issues in Econometrics [Chicago: University of Chicago Press, 1984]).
Econometricians might then brief them on the numerous factors or circumstances that prompt adjustments in the flights.