4 ms·
While an econometrician is aware that statistics does not prove causality, the primary goal of econometrics is causal inference.
by xapata 8y ago
While an econometrician is aware that statistics does not prove
causality, the primary goal of econometrics is causal inference.
- wirrbel 8y agoyes and no. From the econometrics I have seen there is a heavy focus on finding correlations and at best argumentations whether such correlations are plausible causal relationships.
- xapata 8y agoGood scientific method suggests working in the opposite direction: first make a hypothesis, then test it. Working backwards from the statistical test to the hypothesis is... troublesome.