Faith-Based Econometrics

It’s wrong like bacon fried Twinkies are wrong.

It’s wrong like laughing during Schindler’s List.

Not caring about the matrix algebra fundamentals underlying the SAS/Stata commands is wrong when I am cultivating a lifelong habit of learning.**


I am grateful every day for last semester’s B-

Does a girl need to understand a combustion engine or physics to drive a car? No. Same with Econometrics.


Actual notes from my class this semester.  I skipped 3 pages of proofs of assumptions 1 & 2. All I need is the highlighted line.

All I need is that last highlighted line. The Command Line. I will take it on faith that the programmer knows her math and my Theta estimator will be unbiased, consistent and robust.

** This meme is also wrong, but it’s hella funny.joint-significance

About Laura Alford, PhD

I'm a recent graduate of LSU (PhD in Accounting). In addition to academic research, I also write fiction on Tuesday nights with the Asilomar Writers.
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