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Thursday, February 6, 2014

Lars P. Syll — Econometrics and the art of putting the rabbit in the hat



More GIGO. How statistical inference requires necessary conditions with respect to population, e.g, random sampling a population with a normal distribution.  If these conditions are not met, inference is not valid and the reasoning fails the test. If the conclusion happens to be true, it is coincidentally and not shown by the model.

Clint Ballinger gets a shout out, too.

Lars P. Syll | Professor, Malmo University

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