Here is a nice parody of how economic 'math or econometric' models are contrived and sold to the public as “workable”.
From xkcd.com, [click on this link to go to original site for clearer illustration]
(hat tip: Russ Roberts)
Here is a nice parody of how economic 'math or econometric' models are contrived and sold to the public as “workable”.
From xkcd.com, [click on this link to go to original site for clearer illustration]
(hat tip: Russ Roberts)
Like technical analysis, do who can't claim it doesn't work. There is an art to econometric modeling. Learn it.
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