Ashok Rudra Econometricians confound the notions of inexact or approximate with that of stochastic.
The econometric application of probability theory is an example of the use of hypothetical populations in situations where no means exist of the hypotheses being tested.
To read the full text Login
New 3 Month Subscription
to Digital Archives at
₹826for India
$50for overseas users
Comments
EPW looks forward to your comments. Please note that comments are moderated as per our comments policy. They may take some time to appear. A comment, if suitable, may be selected for publication in the Letters pages of EPW.