Lecture 3

Question 1

How objective would you argue that the econometric process?

Answer 1

The econometric process aims to be objective by relying on data and math to analyze relationships between variables. It is like being a detective using facts and logic to understand how things work together. However, the results can be influenced by the choices made in the process, like the model selected or data collected, so it is important to be careful and transparent.

Do not know if this is an accepted answer