էկոնոմետրիկա

էկոնոմետրիկա

Mathematics and sophisticated computing applied to economics. Econometricians crunch data in search of economic relationships that have statistical significance. Sometimes this is done to test a theory; at other times the computers churn the numbers until they come up with an interesting result. Some economists are fierce critics of theory-free econometrics.

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Part of Speech: noun
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Industry/Domain: Economy
Category: Economics
Company: The Economist
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