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yes 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
by wirrbel 8y ago
yes 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.