Econometrics

Econometrics is the application of mathematics, statistical methods, and computer science, to economic data and is described as the branch of economics that aims to give empirical content to economic relations. More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." The first known use of the term "econometrics" (in cognate form) was by Polish economist Paweł Ciompa in 1910.Ragnar Frisch is credited with coining the term in the sense in which it is used today.

Basic econometric models: linear regression

The basic tool for econometrics is the linear regression model. In modern econometrics, other statistical tools are frequently used, but linear regression is still the most frequently used starting point for an analysis. Estimating a linear regression on two variables can be visualized as fitting a line through data points representing paired values of the independent and dependent variables.

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Latest News for: econometrics

Sheikh Mohammed honors professor for advancing financial econometrics

Madhyamam 30 Dec 2024
The accolade, announced on Monday, recognizes his contributions to financial ...

Sheikh Mohammed awards professor for contributions in financial econometrics

Khaleejtimes 30 Dec 2024
Professor Ait-Sahalia's innovative econometric methods have provided essential tools for estimating market volatility ... Yacine Ait-Sahalia for his groundbreaking contributions to financial econometrics.

Middle East hotel pipeline: 49% under construction at Q3 2024

TravelDailyNews 18 Nov 2024
PORTSMOUTH, NH – As seen in the Q3 2024 Middle East Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), the hotel construction pipeline in the region shows upward momentum, ...

Nearly half of Europe’s hotel construction pipeline is under construction at the end of Q3 2024

TravelDailyNews 15 Nov 2024
PORTSMOUTH, NH – According to the Q3 2024 Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that the region’s total pipeline stands at 1,645 projects/244,548 rooms ... .

Latin America hotel construction surges, pipeline expands over 10% annually

TravelDailyNews 04 Nov 2024
PORTSMOUTH, NH – Lodging Econometrics‘ (LE)�Q3 2024 Latin America Construction Pipeline Trend report�signals growth for the region’s hospitality industry ... .

Canadian hotel development reaches historic heights

TravelDailyNews 01 Nov 2024
PORTSMOUTH, NH – The latest Lodging Econometrics (LE) data from Q3 2024 reveals unprecedented growth in Canada‘s hotel development pipeline, with key indicators suggesting an expansion phase is underway ... .

Dallas leads nation’s hotel boom: Nearly 200 projects set to transform Texas hospitality landscape

TravelDailyNews 30 Oct 2024
Hotel Construction Pipeline Trend Report�from�Lodging Econometrics (LE), at the close of the quarter, the five markets with the largest hotel construction pipelines are led by Dallas with a ...

The U.S. hotel construction pipeline surpasses 6,200 projects at Q3 2024

TravelDailyNews 29 Oct 2024
PORTSMOUTH, NH –�According to the�Q3 2024 U.S. Hotel Construction Pipeline Trend Report�from�Lodging Econometrics (LE), the total U.S. pipeline stands at 6,211 projects/722,821 rooms, up 9% by projects and 7% by rooms Year-Over-Year (YOY) ... .

Arellano named a fellow of the Econometric Society (Federal Reserve Bank of Minneapolis)

Public Technologies 28 Oct 2024
Cristina Arellano has been elected a fellow of the Econometric Society for 2024 ... The Econometric Society is a prestigious international society for the advancement of economic theory in its relation to statistics and mathematics.

Latin America hotel construction pipeline expands with 11% YOY growth

TravelDailyNews 09 Aug 2024
PORTSMOUTH, NH – The Q2 2024 Latin America construction pipeline trend report from Lodging Econometrics (LE) indicates a positive growth trajectory for the region’s hospitality sector, with ...

In Canada, Lodging Econometrics reports a 54% increase in projects under construction at Q2 2024

TravelDailyNews 07 Aug 2024
PORTSMOUTH, NH – The Q2 2024 Canada Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) reveals that at the close of the quarter, there are 322 projects/40,297 rooms in the country’s total pipeline.

Lodging Econometrics: Dallas at forefront of U.S hotel development

TravelDailyNews 01 Aug 2024
PORTSMOUTH, NH – According to the recent Q2 2024 United States Construction Pipeline Trend Report from Lodging Econometrics (LE), at the close of the quarter, ... The article Lodging Econometrics.

Lodging Econometrics expects significant growth n U.S. hotel supply through 2026

TravelDailyNews 31 Jul 2024
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the second quarter, there are 6,095 projects with 713,151 rooms in the pipeline ... The article Lodging Econometrics expects significant growth n U.S.

Lodging Econometrics expects significant growth in U.S. hotel supply through 2026

TravelDailyNews 31 Jul 2024
Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the second quarter, there are 6,095 projects with 713,151 rooms in the pipeline ... The article Lodging Econometrics expects significant growth in U.S.

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