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Econometrics

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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.
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>>7951288
what does it do?
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>>7952491
You.
>>
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>>7952491
It's just regression analysis with multiple independent variables. Ex: how much do race, age, and geography explain income?
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>>7952513
So it measures my white privilege?
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>>7952543
and thin privilege
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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.
Thread posts: 7
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