Timeline for Alternative to linear regression
Current License: CC BY-SA 3.0
4 events
| when toggle format | what | by | license | comment | |
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| Dec 4, 2017 at 18:00 | comment | added | Matthew Gunn | @econ You're going to see more machine learning techniques used in economics, especially for problems or subproblems where the interest is in a forecast $\hat{y}$ and you don't care as much why or how you got that forecast. Be aware though that many machine learning techniques can be problematic for $\hat{\beta}$ problems where you're trying to estimate a specific parameter (eg. what's the causal effect of $x$). Machine learning techniques etc... may also provoke hostile questions from many economists who don't know the techniques and/or view them with suspicion. | |
| Dec 3, 2017 at 11:03 | comment | added | econ | Thanks! I read Introduction to statistical learning and mainly motivation for this question came from disappointment of not seeing any regularization methods used in our economics and econometrics classes...thanks :) | |
| Nov 30, 2017 at 16:32 | history | edited | Matthew Gunn | CC BY-SA 3.0 |
added 625 characters in body
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| Nov 28, 2017 at 22:47 | history | answered | Matthew Gunn | CC BY-SA 3.0 |