Methodological Mistakes and Econometric Consequences

Methodological Mistakes and Econometric Consequences

Econometric Methodology is based on logical positivist principles. Since logical positivism has collapsed, it is necessary to re-think these foundations. We show that positivist methodology has led econometricians to a meaningless search for patterns in the data. An alternative methodology which...

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Bibliographic Details
Main Author: Asad Zaman
Format: Article
Language:English
Published: Econometric Research Association 2012-09-01
Series:International Econometric Review
Subjects:
Econometric Methodology
logical positivism
realism
causality
VAR models
Forecasting
surprise
goodness of fit
Online Access:http://www.era.org.tr/makaleler/28070080.pdf

Internet

http://www.era.org.tr/makaleler/28070080.pdf

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