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econometrics: methodological issues  

Definition

  • This entry reviews the major methodological debates that shaped the field of econometrics by unifying statistics and economics and explains the roles of causality (and probability) and of modeling in econometrics. In the 1920s, Ragnar Frisch coined the term econometrics as the unification of statistics, economic theory, and mathematics to turn economics into a science. [Source: Encyclopedia of Philosophy and the Social Sciences; Econometrics: Methodological Issues]

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https://concepts.sagepub.com/social-science/concept/econometrics:_methodological_issues

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