Statistics vs Econometrics - What's the difference?
statistics | econometrics |
(singular in construction) A mathematical science concerned with data collection, presentation, analysis, and interpretation.
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(plural in construction) 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.
English plurals
(economics) The branch of economics that applies statistical methods to the empirical study of economic theories and relationships.
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As nouns the difference between statistics and econometrics
is that statistics is (singular in construction) a mathematical science concerned with data collection, presentation, analysis, and interpretation while econometrics is (economics) the branch of economics that applies statistical methods to the empirical study of economic theories and relationships.statistics
English
(wikipedia statistics)Alternative forms
* statisticks (obsolete)Noun
(statistics)citation, passage=We live our lives in three dimensions for our threescore and ten allotted years. Yet every branch of contemporary science, from statistics to cosmology, alludes to processes that operate on scales outside of human experience: the millisecond and the nanometer, the eon and the light-year.}}
- Statistics is the only mathematical field required for many social sciences.
- The statistics from the Census for apportionment are available.