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Statistical model selection with ‘Big Data’

Abstract: Big Data offer potential benefits for statistical modelling, but confront problems including an excess of false positives, mistaking correlations for causes, ignoring sampling biases, and selecting by inappropriate methods. We consider the many important requirements when searching for a databased relationship using Big Data, and the possible role of Autometrics in that context. Paramount considerations include embedding

Author: Jurgen Doornik - AffiliationNuffield Role Author - - - David F. Hendry - AffiliationDepartment of Economics Role Author - - - - F



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