Definitions

1. noun

A device or method for measuring economic variables or conditions, often used in statistical analysis or economic forecasting.

“The company used an econometer to predict the impact of the recession on their sales.”

2. noun

An economist or a person skilled in the measurement and analysis of economic data.

“The econometer’s report highlighted the need for fiscal policy adjustments to stabilize the economy.”

3. verb

To measure, analyze, or forecast economic data or conditions using statistical methods or mathematical models.

“The government econometred the economic data to make informed decisions about future policies.”