News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Econometrics News, Articles and Videos with Contenting
Econometrics is a branch of economics that applies statistical and mathematical methods to analyze economic data. It is a powerful tool to measure the impact of economic policy and to understand how the economy works. News and articles related to econometrics often cover topics such as modeling, forecasting, data analysis, and the impact of economic policy on the economy. Videos related to econometrics cover topics such as how to use econometric models, how to interpret economic data, and how to use econometric tools.
The history of econometrics | LARS P. SYLL
There have been over four decades of econometric research on business cycles … But the significance of the formalization becomes more difficult to identify when it is assessed from the applied perspective ... The wide conviction of the superiority of the methods of the science has converted the econometric community largely to a group of…
Garbage-can econometrics | LARS P. SYLL
When no formal theory is available, as is often the case, then the analyst needs to justify statistical specifications by showing that they fit the data. That means more than just “running things.” It means careful graphical and crosstabular analysis ... When I present this argument ... one or more scholars say, “But shouldn’t I…
The history of econometrics | LARS P. SYLL
There have been over four decades of econometric research on business cycles … But the significance of the formalization becomes more difficult to identify when it is assessed from the applied perspective ... The wide conviction of the superiority of the methods of the science has converted the econometric community largely to a group of…
‘Autonomy’ in econometrics | LARS P. SYLL
The point of the discussion, of course, has to do with where Koopmans thinks we should look for "autonomous behaviour relations". He appeals to experience but in a somewhat oblique manner. He refers to the Harvard barometer "to show that relationships between economic variables ... not traced to underlying behaviour equations are unreliable as instruments…
Econometrics — a ‘realist’ critique | LARS P. SYLL
A popular idea in quantitative social sciences is to think of a cause (C) as something that increases the probability of its effect or outcome (O). That is: P(O|C) > P(O|-C) However, as is also well known, a correlation between two variables, say A and B, does not necessarily imply that one is a cause…
Keynes’ critique of econometrics is still valid | LARS P. SYLL
Mainstream economists often hold the view that Keynes' criticism of econometrics resulted from a sadly misinformed and misguided person who disliked and did not understand much of it. This is, however, nothing but a gross misapprehension. To be careful and cautious is not the same as to dislike. Keynes did not misunderstand the crucial issues…
Weekend read: Keynes’ critique of econometrics is still valid | Real-World Economics Review Blog
from Lars Syll Mainstream economists often hold the view that Keynes’ criticism of econometrics resulted from a sadly misinformed and misguided person who disliked and did not understand much of it. This is, however, nothing but a gross misapprehension. To be careful and cautious is not the same as to dislike. Keynes did not misunderstand…
Finding Eigenvalues and Eigenvectors (student stuff) | LARS P. SYLL
. When applying principal component analysis in econometrics courses we often want to reduce data dimensionality. Eigenvalues and eigenvectors help us do that. In macroeconomics -- especially when we use dynamic programming and Bellman equations to solve optimization problems -- eigenvalues and eigenvectors help us determine convergence and stability properties. So -- good to have…
Econometrics — a critical realist critique | LARS P. SYLL
Mainstream economists often hold the view that criticisms of econometrics are the conclusions of sadly misinformed and misguided people who dislike and do not understand much of it. This is really a gross misapprehension. To be careful and cautious is not the same as to dislike. Any perusal of the mathematical-statistical and philosophical works of Nancy…
Manufacturing Job Openings - Cafe Hayek
TweetIt’s not Nobel Prize-caliber econometrics, but here’s a bit of data on manufacturing jobs in the U.S. – you know, the kinds of jobs that Pres. Trump and other NatCons insist that Americans are so desperate to have more of that it’s worthwhile to throw the entire global economy into tariff-powered tantrums in order to […]