Tag: statistic analytics

Joanna Gola 0
10 Commandments of Applied Econometrics or how not to sin when working with real data – Part 4

In the third post of the 10 Commandments of Applied Econometrics series we discussed the issue of data exploration. Today, I will present the next commandments: keep the solutions simple and use model validation. Keep the models sensibly simple Striking the right balance between simplicity and sophistication: the models created should be neither