THE CREATIVE TENSION BETWEEN STATISTICS AND ECONOMICS

Cheng Hsiao

The Singapore Economic Review (SER), 2012, vol. 57, issue 03, 1-11

Abstract: This paper warns the risks of uncritically adopting the mind set of statisticians in empirical analysis. The examples of vector autoregressions, forecast combinations and measurement of treatment effects are used to illustrate the fragility of statistical inference when sample observations are limited.

Keywords: Time series modeling; non-parametric modeling; high dimensional data; structural approach; forecasting; C01; C10; C50 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (1)

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DOI: 10.1142/S0217590812500178

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