Statistical model selection with 'big data'
Big Data offer potential benefits for statistical modelling, but confront problems like an excess of false positives, mistaking correlations for causes, ignoring sampling biases, and selecting by inappropriate methods. We consider the many important requirements when searching for a data-based rela...
Main Authors: | Hendry, D, Doornik, J |
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Format: | Working paper |
Published: |
University of Oxford
2014
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