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Analyzing Quantitative Models


  • Armstrong JS

    (The Wharton School)

  • Shapiro George


How can a potential user distinguish between a quantitative model that may be of some real value and one that is not? The model builder rarely provides much help, since most are advocates of their own work and tend to lose their objectivity toward the model. Therefore, an independent evaluation is necessary to judge the true usefulness of the model.

Suggested Citation

  • Armstrong JS & Shapiro George, 2005. "Analyzing Quantitative Models," General Economics and Teaching 0502031, EconWPA.
  • Handle: RePEc:wpa:wuwpgt:0502031
    Note: Type of Document - pdf; pages: 10

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    References listed on IDEAS

    1. Armstrong, J Scott, 1978. "Forecasting with Econometric Methods: Folklore versus Fact," The Journal of Business, University of Chicago Press, vol. 51(4), pages 549-564, October.
    2. Armstrong, J. Scott, 1978. "Forecasting with Econometric Methods: Folklore Versus Fact," MPRA Paper 81672, University Library of Munich, Germany.
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    More about this item


    quantitative models; analysis;

    JEL classification:

    • A - General Economics and Teaching

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