Tag Archives: Statistics & Econometrics

If the centuries-old struggle with the problem of finding an analytical definition of probability has produced only endless controversies between the various doctrines, it is, in my opinion, because too little attention has been paid to the singular notion of random. For the dialectical root, in fact, lies in this notion: probability is only an arithmetical aspect of it. Nicholas Georgescu-Roegen Modern probabilistic econometrics relies on the notion of probability. To at all be amenable...

Logistic regression (student stuff)  [embedded content] And in the video below (in Swedish) yours truly shows how to perform a logit regression using Gretl.[embedded content]

Against multiple regression analysis Distinguished social psychologist Richard E. Nisbett has a somewhat atypical aversion to multiple regression analysis . In his Intelligence and How to Get It (Norton 2011) he wrote (p. 17): Researchers often determine the individual’s contemporary IQ or IQ earlier in life, socioeconomic status of the family of origin, living circumstances when the individual was a child, number of siblings, whether the family had a library card, educational attainment...

There have been over four decades of econometric research on business cycles … The formalization has undeniably improved the scientific strength of business cycle measures … But the significance of the formalization becomes more difficult to identify when it is assessed from the applied perspective, especially when the success rate in ex-ante forecasts of recessions is used as a key criterion. The fact that the onset of the 2008 financial-crisis-triggered recession was predicted by only a...