Why do I use parsimonious models?

Hoang Nguyen

No kpgbh, OSF Preprints from Center for Open Science

Abstract: Today, when reading about multicollinearity – one of the most dreaded problems in regression analysis, I came across the statement of Blanchard [8]: “Multicollinearity is God’s will, not a problem with OLS or statistical techniques in general.” Immediately, I thought: “If it is really God’s will, we should keep the problem within our grasp, but not rely on God.”

Date: 2021-09-24
New Economics Papers: this item is included in nep-cwa
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Persistent link: https://EconPapers.repec.org/RePEc:osf:osfxxx:kpgbh

DOI: 10.31219/osf.io/kpgbh

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