Econometrics and truth
Citation:
Frain, John. 'Econometrics and truth'. - Dublin: Journal of the Statistical and Social Inquiry Society of Ireland,Vol. XXVII, 1994/1995, pp229-304Download Item:
Abstract:
Many people think that econometrics is not the most exciting of subjects. They are
more interested in the results of an econometric analysis than in the means and ways
of obtaining them Many people have a distrust of econometric analyses. I am not
sure whether this has arisen from the failure of the extravagant expectations of the
sixties or the seventies or from a basic misunderstanding of the probabilistic nature
of the subject itself. Many will offer the excuse that the data are not good enough to
support elaborate estimation techniques, complex models or rigorous techniques.
The simple answer is that a solution to these problems demands the use of elaborate
techniques. The availability of cheap powerful computer facilities has not only made
this methodology available to a large number of users but has also acted as catalyst
for its further development.
Description:
Read before the Society, 18 May 1995
Author: Frain, John
Publisher:
Statistical and Social Inquiry Society of IrelandType of material:
Journal articleCollections
Series/Report no:
Journal of the Statistical and Social Inquiry Society of IrelandVol. XXVII 1994/1995
Availability:
Full text availableKeywords:
Econometric methods, Economic predictionISSN:
00814776Metadata
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