The Econometric Society is an international society of academic economists interested in applying statistical tools in the practice of econometrics . It is an independent organization with no connections to societies of professional mathematicians or statisticians.
5-933: It was founded on December 29, 1930, at the Statler Hotel in Cleveland , Ohio. Its first president was Irving Fisher . As of 2014, there are about 700 Elected Fellows of the Econometric Society, making it one of the most prevalent research affiliations. New fellows are elected each year by the current fellows. The sixteen founding members were Ragnar Frisch , Charles F. Roos , Joseph A. Schumpeter , Harold Hotelling , Henry Schultz , Karl Menger , Edwin B. Wilson , Frederick C. Mills , William F. Ogburn , J. Harvey Rogers , Malcolm C. Rorty , Carl Snyder , Walter A. Shewhart , Øystein Ore , Ingvar Wedervang and Norbert Wiener . The Econometric Society sponsors
10-583: A lecture: The Statler (Cleveland) The Statler is a historically renovated former Statler Hotel high-rise in downtown Cleveland 's Theater District at Euclid Avenue and East 12th Street, and was converted into 295 apartments in 2001. It is 192 feet (59 m) high and rises to 14 floors above the street. It was listed on the National Register of Historic Places in 1998. The Hotel Statler opened at Euclid and East 12th on October 12, 1912, and contained 700 rooms. The success of
15-647: The Cleveland entity soon led to the opening of Statlers in Washington, D.C. , Detroit , St. Louis , New York City , Hartford , Dallas , and Los Angeles . The hotel was expanded and modernized in the 1930s; these upgrades included 300 more rooms, the Terrace dining room, the new Gentlemen's Lounge, a library, and a Pompeian Room. Hilton bought the Statler Hotels chain in 1954, and the Cleveland hotel
20-477: The Economics academic journal Econometrica and publishes the journals Theoretical Economics and Quantitative Economics . The Econometric Society is led by a president, who serves a one-year term. Election as a Fellow of the Econometric Society is considered by much of the economics profession to be an honor. The Econometric Society sponsors several annual awards, in which the honored member delivers
25-493: Was renamed The Statler Hilton in 1958. Unfortunately, an overflow of hotel rooms in the city eventually affected the once grand hotel, and occupancy fell. Beginning in 1971, several floors of the enormous building were converted to use as an office building. Hilton continued to manage the property until 1973, when it was renamed The Cleveland Plaza . In 1980, the hotel was sold to investor Carl Milstein, who converted it entirely to an office building, The Statler Office Tower . It
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