ECONOMETRICS Definition

Bookmark and Share

ECONOMETRICS literally means economic measurement. It is the branch of economics that applies statistical methods to the empirical study of economic theories and relationships. It is a combination of mathematical economics, statistics, economic statistics and economic theory.

Learn new Accounting Terms

PRE-OPERATING COSTS are costs that are deferred until the related assets are ready for revenue service at which time the costs are charged to operations.

LOSS LEADER is a featured article of merchandise sold at a loss in order to draw customers.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.