Os Dez Mandamentos…da Econometria

Antigo artigo do falecido Peter Kennedy, autor do melhor guia “aplicado” de econometria. Merece tradução?

The Ten Commandments of Applied Econometrics

1. Thou shalt use common sense and economic theory.
Corollary: Thou shalt not do thy econometrics as thou sayest thy prayers.

2. Thou shalt ask the right questions.
Corollary: Thou shalt place relevance before mathematical elegance.

3. Thou shalt know the context.
Corollary: Thou shalt not perform ignorant statistical analyses.

4. Thou shalt inspect the data.
Corollary: Thou shalt place data cleanliness ahead of econometric godliness.

5. Thou shalt not worship complexity.
Corollary: Thou shalt not apply asymptotic approximations in vain.
Corollary: Thou shalt not talk Greek without knowing the English translation.

6. Thou shalt look long and hard at thy results.
Corollary: Thou shalt apply the laugh test.

7. Thou shalt beware the costs of data mining.
Corollary: Thou shalt not worship R
2.
Corollary: Thou shalt not hunt statistical significance with a shotgun.

8. Thou shalt be willing to compromise.
Corollary: Thou shalt not worship textbook prescriptions.

9. Thou shalt not confuse significance with substance.
Corollary: Thou shalt not ignore power.
Corollary: Thou shalt not test sharp hypotheses.
Corollary: Thou shalt seek additional evidence.

10. Thou shalt confess in the presence of sensitivity.
Corollary: Thou shalt anticipate criticism.

Corollary: Thou shalt not worship the 0.05% significance level.

Anúncios

Deixe um comentário

Preencha os seus dados abaixo ou clique em um ícone para log in:

Logotipo do WordPress.com

Você está comentando utilizando sua conta WordPress.com. Sair / Alterar )

Imagem do Twitter

Você está comentando utilizando sua conta Twitter. Sair / Alterar )

Foto do Facebook

Você está comentando utilizando sua conta Facebook. Sair / Alterar )

Foto do Google+

Você está comentando utilizando sua conta Google+. Sair / Alterar )

Conectando a %s