Econometrics

Definition:

Use of computer analysis and modeling techniques to describe in mathematical terms the relationship between key economic forces such as labor, capital, interest rates, and government policies, then test the effect of changes in economic scenarios. For instance, an econometric model might show the relationship of housing starts and interest rates.

Related terms:

Test Market

Useful articles:

»	Why People Challenge Price
»	Developing Your Credibility
»	Automating Your Business
»	Information Is Power -- Innovation Is Strength -- Procrastination Is Death

Browse by categories

Accounting	Advertising	Banking
Bankruptcy	E-Commerce	Economics
Finance	Law	Investment
Insurance	Marketing	Real estate
Statistic	Trade	Purchasing

Featured Articles:

Customer Servces

Handling Difficult Customers

OK, I admit it. I was going to title this Handling Jerks. But the truth is, most customers, even the tough to love ones are just like us. They didn't start out to make things difficult. It just hap... [ more... ]

Customer Servces

Your Call Is Important to Us - Really? Then Answer the Phone!

"Thank you for calling Safeco. If you know the extension of the person you are calling, enter it. If not, press 1 for more options."

I was calling Safeco Insurance Company of... [ more... ]

Marketing

Finish Line Sales Success Habits

Even before the tragedy of September 11 the United States economy was beginning to take a nose dive. Clearly since the attacks, customers are revisiting everything from budgets to personnel to comp... [ more... ]