Econometric models are constructed with the idea that they can be substituted for authentic human action. Not surprisingly, they fail badly.
Original Article: Can Econometric Models Provide a Laboratory Setting for Economic Analysis?
You Might Also Like
-
July 26, 2024
Canada’s “Worst Decline in 40 Years”
-
July 26, 2024
No exceptions, please!
-
July 26, 2024
No exceptions, please!