2 ms·
> Figuring out whether, in practical cases, you will have a sufficiently large n that the conclusion is valid is a necessary step in the analysis. The economet
by LudwigNagasena 3y ago
> Figuring out whether, in practical cases, you will have a sufficiently large n that the conclusion is valid is a necessary step in the analysis.
The econometrics textbook I studied has more words “asymptotic” in it than there are pages. Oftentimes it’s impractical or even theoretically intractable to derive finite sample properties (and thus to answer when n is really large enough).