How does /sci/ feel about econometrics? Meme science or the most important practical application of mathematics in recent time?
I personally tend toward the latter but I'm not fully convinced.
>>7951288
what does it do?
>>7952491
You.
>>7952491
It's just regression analysis with multiple independent variables. Ex: how much do race, age, and geography explain income?
>>7952513
So it measures my white privilege?
>>7952543
and thin privilege
Econometrics is incredibly useful, but there seems to be a trend to design incredibly specific, complex estimation methods that really blur empirical findings and can be fucked around with till you get some kind of result.
I use Econometrics all the time, but ultimately you still need solid Economic thinking to produce interesting, valid hypotheses.
