Crossword-Solution: ECONOMETRICS
We have 1 clue for the answer “ECONOMETRICS”
| Clue | Answers |
|---|---|
| B-school statistical subject | 1 answer |
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Kind of apple
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Hint 1 meaning
One who, or that which, eats.
Hint 2 anagram
EAERT
Hint 3 another clue
greedy person
14 +2
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Sentences with ECONOMETRICS (5)
Wim Kok, the Dutch Prime Minister of 2000, occasional chairman of the European Union and the social-democratic ‘respected elder’ to mr.-s Clinton, Blair, Schröder and Jospin, and a person who did some basic econometrics in his younger years, laughed loudly when I suggested to raise Dutch tax exemption from the then € 3 thousand to € 10 thousand.
With _y _a vector of endogenous variables, _x _a vector of exogenous variables, and _f_ and _g_ functions, then a structural form is _y = f(y, x) _and a reduced form is _y = g(x)._ Since econometrics can only approximate reality, the true structural form can only be approximated.
Note: With respect to Table 19, I’ve hesitated about classifying Krugman as having less roots in econometrics.
When it was founded shortly after World War II, the first director was Jan Tinbergen who later received the Nobel Prize for his pioneering work in econometrics.
Mathematical economics already had the deductive approach, and econometrics assumed that only statistical approximation was feasible, but we can do better if we can find definitions that fit stylized facts.
Quotes with ECONOMETRICS (3)
This book is an essay in what is derogatorily called "literary economics," as opposed to mathematical economics, econometrics, or (embracing them both) the "new economic history." A man does what he can, and in the more elegant - one is tempted to say "fancier" - techniques I am, as one who received his formation in the 1930s, untutored. A colleague has offered to provide a mathematical model to decorate the work. It might be useful to some readers, but not to me. Catastrophe…
A good way to do econometrics is to look for good natural experiments and use statistical methods that can tidy up the confounding factors that Nature has not controlled for us.
Economics also has to become a fundamentally monetary discipline — from the consideration of how individuals make market decisions through to our understanding of macroeconomics. The myth of "the money illusion" (which can only be true in a world without debt) has to be immediately dispelled, while our macroeconomics have to reflect a monetary economy in which nominal magnitudes matter, precisely because they are the link between the value of current output and the financing …
Where this answer appears
Appears in: Newsday.
Used 1 time in crossword archives (2018).