Why is out-of-sample data important for testing inductive models?

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Why is "out-of-sample" data important for testing inductive models?

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Macroeconomics

ISBN: 978-0077307110

8th edition

Authors: David Colander

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Question Posted: Feb 12, 2016 04:53 AM

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Why is out-of-sample data important for testing inductive models?

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Models that are generated from a specific set of data cannot ...View the full answer

Macroeconomics

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