๐”– Bobbio Scriptorium
โœฆ   LIBER   โœฆ

Revisiting Tobin's 1950 study of food expenditure

โœ Scribed by Edward E. Leamer


Book ID
101285595
Publisher
John Wiley and Sons
Year
1997
Tongue
English
Weight
275 KB
Volume
12
Category
Article
ISSN
0883-7252

No coin nor oath required. For personal study only.

โœฆ Synopsis


This re-analysis of study makes three points:

  1. Graphs are a powerful device for discovery and for communication, and can reveal much of the information in the data. 2. Squeezing out the more subtle multivariate messages requires some solution to the usual overparameterization problem. Data-mining is still the treatment of choice for this crippling disease, but it is more akin to leeches than to anti-biotics. A Bayesian sensitivity analysis is an alternative, but it isn't a perfect cure either. 3. Clear identiยฎcation of the issues can help keep the enterprise from wandering o in technically amusing but largely irrelevant directions.

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