Re: multiple linear regression

On Thu, 15 May 2008 01:10:48 -0400, Richard Ulrich
<Rich.Ulrich@xxxxxxxxxxx> wrote:

On Wed, 14 May 2008 19:05:23 -0700, richardstartz@xxxxxxxxxxx wrote:

On Wed, 14 May 2008 17:16:53 -0400, Richard Ulrich
<Rich.Ulrich@xxxxxxxxxxx> wrote:

snip
(Concerning another post - I don't know what they
do in economics; there are some geniuses working there, and
there also are some flat-out statistical idiots.)

This is true. Also in true in all other areas where statistics is
applied.

:)

- In economics, they can seem to achieve some
success, and even become Presidential advisors....
Plenty of predictions, but no "controlled experiments".

The Republicans started treated economics as a
subset of "spin-doctoring" with Reagan, and haven't
applied "scientific" standards to it since the 1980s.

Rich:

In fact economists do controlled experiments. It's probably the most
"fashionable" area in economics right now.

-***
.

Quantcast