Abstract
Econometric models provide the applied researcher with suitable instruments (tools) for confronting economic theories (their predictions or implications) with data, quantifying relations between economic entities, and predicting out of sample. Alternatively, they may be explorative tools that reduce the dimensionality of complex information and help to discover structures in data, thereby motivating the direction of future theoretical thinking.
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© 1997 Springer-Verlag Berlin Heidelberg
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Winkelmann, R. (1997). Econometric Modeling — Basic Issues. In: Econometric Analysis of Count Data. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-662-03465-1_3
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DOI: https://doi.org/10.1007/978-3-662-03465-1_3
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-662-03467-5
Online ISBN: 978-3-662-03465-1
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