econometrics, metricsEconometrics has substantial overlap with traditional statistics, but often uses its own jargon about a variety of topics (“identification,” “exogenous,” etc.). I once heard an applied statistics professor in another field comment that frequently the terminology is different but the concepts are the same. Yet it also has its own methods and philosophical distinctions (Heckman’s famous essay comes to mind).
What terminology differences exist between econometrics and mainstream statistics, and where do the fields diverge to become different in more than just terminology?
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