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Created page with "The math implies excess of economists typically attend to. Frequentist models are built on a theory of sampling. The options are impartial of the issue. Any downside the place..."
The math implies excess of economists typically attend to. Frequentist models are built on a theory of sampling. The options are impartial of the issue. Any downside the place the assumptions are met, whether or not the area is physics or psychology, can use a specific check. The actual downside does not matter. If weighted least squares is used in economics or in particle physics, it can produce exactly the same sampling properties of the estimates. In fact, the specific values may range, however the sampling properties are tied to the estimator and never the problem. So the above regression, while preposterous for economics by way of parameter values, could be the properties of any bivariate regression using these instruments underneath those circumstances. The issue domain does not matter. That may be a strength of Frequentist statistics. 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