Explain the differences between models designed for prediction and models designed to estimate a causal effect.

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Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 12:01 AM

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Explain the differences between models designed for prediction and models designed to estimate a causal effect.

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Models designed for prediction and models designed to estimate causal effects serve different purposes and are constructed with distinct methodologies ...View the full answer

Principles Of Econometrics

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