We might ask the economists to introduce the word econometry, but it would be very difficult to argue them out of their rather well grounded historical claim to some share in the word statistics.Oekonometrie was apparently coinedthough in a much more restricted senseby the Polish banker and economist Paweł Ciompa (.Noun, plural in form but singular in construction econometrics i-kä-n-me-triks, -kä- : the application of statistical methods to the study of economic data and problems blend of economics and -metrics, a re-formation of earlier econometry, after French économétrie, note: The term econometrics is closely associated.

For those who intend to write a thesis on applied topics, the empirical applications of the book are a good way to learn how to conduct empirical research.The book is also distinctive in developing both time-series and cross-section analysis fully, giving the reader a unified framework for understanding and integrating results.We shall being with exploring some leading models of econometrics, then seeing structures, then providing methods of identification, estimation, and inference.

Fumio Hayashi is Professor of Economics at the University of Tokyo, where he teaches macroeconomics and econometrics.Curiously, the word econometry appeared earlier, apparently in a nonce usage,.R.