different between econometrics vs statistics

English

Etymology

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 Pawe? Ciompa in 1910.

Pronunciation

• IPA^(key): /??k?n??m?tr?ks/

Noun

econometrics (uncountable)

1. (economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
   • For quotations using this term, see Citations:econometrics.

Related terms

• econometric
• econometrician
• econometrical
• econometrically
• econometrist
• econometry

Translations

See also

• econometrics on Wikipedia.Wikipedia
• macroeconomics, also coined by Frisch

Anagrams

• treeconomics

For Wiktionary’s statistics, see Wiktionary:Statistics and Special:Statistics

English

Wikibooks

Alternative forms

• statisticks (obsolete)

Pronunciation

• IPA^(key): /st??t?st?ks/

Etymology 1

From German Statistik, from New Latin statisticum (“of the state”) and Italian statista (“statesman, politician”). Statistik introduced by Gottfried Achenwall (1749), originally designated the analysis of data about the state.

Noun

statistics (uncountable)

1. A discipline, principally within applied mathematics, concerned with the systematic study of the collection, presentation, analysis, and interpretation of data.
   • 1972, Leonard J. Savage, The Foundations of Statistics, Dover, page 1,

     As for statistics, the foundations include, on any interpretation of which I have ever heard, the foundations of probability, as controversial a subject as one could name. As in other sciences, controversies over the foundations of statistics reflect themselves to some extent in everyday practice, nut not nearly so catastrophically as one might imagine. […] It is hard to judge, however, to what extent the relative calm of modern statistics is due to its domination by a vigorous school relatively well agreed within itself about the foundations.

   • 2004, David C. LeBlanc, Statistics: Concepts and Applications for Science, Jones and Bartlett Publishers, page 61,

     The application of statistics in the process of science can be divided into three parts: (1) obtaining data (experiment and sampling design), (2) summarizing and describing data (exploratory data analysis, descriptive statistics), and (3) using data from samples and experiments to make estimates and test competing hypotheses about the universe (inferential statistics).

Usage notes

• Within mathematics, the term statistics usually refers to mathematical statistics.

Derived terms

Translations

See also

• Appendix:Glossary of probability and statistics

Etymology 2

Noun

statistics pl (plural only)

1. A systematic collection of data on measurements or observations, often related to demographic information such as population counts, incomes, population counts at different ages, etc.
   • 1996, Ron C. Mittelhammer, Mathematical Statistics for Economics and Business, Springer, page 389,

     Sufficient statistics for a given estimation problem are a collection of statistics or, equivalently, a collection of functions of the random sample, that summarize or represent all of the information in a random sample that is useful for estimating any ${\displaystyle {\textbf {q}}(\!{\boldsymbol {\Theta }}\!)}$.

   Synonym: (informal) stats

Translations

Etymology 3

See the etymology of the main entry.

Noun

statistics

1. plural of statistic