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.


Paul Samuelson, Tjalling Koopmans, and Richard Stone. "Report of the evaluative committee for Econometrica." Econometrica- journal of the Econometric Society. (1954): 141-146.

Paul Samuelson Quotes

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation,...

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation,...

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation,...

Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation,...