Working paper icon

Working paper

Empirical Economic Model Discovery and Theory Evaluation.

Abstract:

Economies are so high dimensional and non-constant that many features of models cannot be derived by prior reasoning, intrinsically involving empirical discovery and requiring theory evaluation. Despite important differences, discovery and evaluation in economics are similar to those of science. Fitting a pre-specified equation limits discovery, but automatic methods can formulate much more general models with many variables, long lag lengths and non-linearities, allowing for outliers, data...

Expand abstract

Actions


Access Document


Files:

Authors


Publisher:
Department of Economics (University of Oxford)
Series:
Discussion paper series
Publication date:
2011-02-01
Language:
English
UUID:
uuid:2dc1af65-c0be-46e0-8ac6-096f705c8418
Local pid:
oai:economics.ouls.ox.ac.uk:15069
Deposit date:
2011-08-16

Terms of use


Views and Downloads






If you are the owner of this record, you can report an update to it here: Report update to this record

TO TOP