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7 votes

Why economics does not believe in data/empirical evidence?

Why economics does not believe in data/empirical evidence? First, economics is a name of a scientific subject, as such it cannot have any beliefs. Economists can have beliefs because economists are ...
1muflon1's user avatar
  • 57k
4 votes

Big Data: New Tricks for Econometrics

This is a p-value. Varian writes the ctree "chooses the structure of the tree using a sequence of hypothesis tests". I don't know what those hypothesis tests are, but Varian cites Hothorn, ...
Michael Gmeiner's user avatar
1 vote

What kind of data should I use for estimating price elasticity of demand?

But, wouldn’t it introduce some bias because there may have been periods of time with no sales, maybe due to high prices? This by itself does not introduce bias. If at some price sales are zero then ...
1muflon1's user avatar
  • 57k
1 vote

Big Data: New Tricks for Econometrics

In general, in research papers involving statistics, "p < 0.05" represents the fact that the results are statistically significant. "p" is the p-value. For example, "p < ...
krauuuus's user avatar
  • 115

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