Abstract
What is econometrics? A few defmitions are given below:
The method of econometric research aims, essentially, at a conjunction of economic theory and actual measurements, using the theory and technique of statistical inference as a bridge pier.
Trygve Haavelmo (1944)
Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.
Samuelson, Koopmans and Stone (1954)
Econometrics is concerned with the systematic study of economic phenomena using observed data.
Aris Spanos (1986)
For other defmitions of econometrics, see Tintner (1953).
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Baltagi, B.H. (1998). What is Econometrics?. In: Econometrics. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-00516-3_1
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