"Unfortunately, I must now try to explain what "econometrics" comprises. Do not confuse the word with "econo-mystics" or with "economic-tricks", nor yet with "icon-ometrics". While we may indulge in all of these activities, they are not central to the discipline. Nor are econometricians primarily engaged in measuring the heights of economists."
Friday, September 7, 2012
Over the years there have been many attempts to define what we mean by the term "Econometrics". I guess we all have our favourites. Mine comes from one of the most influential econometricians of our time - David Hendry: