…in estimated accelerators is, as far as I can tell with 60s style econometrics entirely due to residential investment. This actually makes sense as about two thirds of non-residential fixed…

European Commission fiscal dictates are based on outdated economic theory, strange econometrics and arbitrary ad hoc restrictions on parameter estimates. It is not easy to discuss the technique behind that…

…of data — this is not the sort of evidence he usually finds convincing I’m also skeptical about the persuasive power of complicated econometrics; my sense is that mind-changing empirical…

…econometrics professor used to call casual empiricism also appears to bear this out, at least for those who aren’t shocked by the results. I would also note one extremely important…

…my old econometrics professor used to call casual empiricism also appears to bear this out, at least for those who aren’t shocked by the results. I would also note one…

…(0 =No history of arrest; 1 =History of at least one prior arrest). So they ran a simple logistic regression. Its basic econometrics. Here are the results: If you’ve never…

…“Wow, this looks like the butterfly effect and chaos theory!” Well, the heyday of chaos theory has passed. For better or worse, the econometrics of identifying whether or not a…

…state space/random coefficients models, the series of estimates isn’t flat, but there are not changes dramatic enough to refute the null of no change with old fashioned econometrics (a Chow…

…might avoid political controversy by going technical, although I thought it more likely they would give it for something in econometrics. But this year’s award was clearly in the works…

…at Cal Tech.  He received his PhD in 1969 from Stanford in econometrics. He soon was at Cal Tech where he spent the rest of his career, soon becoming an…