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Econowmics

  • Home
  • Economics
    • Econometrics
    • Economics and History
    • Macroeconomics
    • Microeconomics
    • Miscellaneous
      • Awards and Honors
      • Economic Schools of Thought
      • Economic Quotes
      • Economic Videos
    • Terms and Concepts
  • Cognitive Biases
  • Math / Statistics
  • Python
  • SQL

Category: Statistics

Casino de-Monte Carlo

Econometrics / Statistics

Monte Carlo Simulation

Monte Carlo simulation refers to a bewildering range of techniques to make estimations of some unknown parameters by repeatedly sampling the input data.

Omitted Variable Bias

Econometrics / Statistics

Omitted Variable Bias

Omitted variable bias happens when a variable is omitted from your regression model. Duh!

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