What word, invented by Pawe Ciompa in 1910 and first used by Ragnar Frisch in the sense that it is used today, is concerned with developing and applying quantitative or statistical methods to the study and elucidation of economic principles, combining economic theory with statistics to analyse and test economic relationships?
Econometrics Econometrics Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships. 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. Jan Tinbergen is considered by many to be one of the founding fathers of econometrics. Ragnar
Economic and Social Research Institute in Ireland, the purpose is to examine how children in Ireland are developing in the current social, economic and cultural environment. The second phase of this study began in 2015 and is conducted in conjunction with researchers from Trinity College Dublin. The Economic and Social Research Institute and Trinity College Dublin agreed to a strategic partnership in July 2010. The agreement enables both institutions to build collaborative and complementary strengths in the social sciences. The ESRI has been noted for its strength in quantitative research methods. It is listed by IDEAS/RePEc among the top 20 economic think tanks in the