It just gets better
http://cheeptalk.wordpress.com/2010/04/01/obama-uses-recess-to-appoint-krugman-to-the-fed/
Showing posts with label todays date. Show all posts
Showing posts with label todays date. Show all posts
Thursday, April 01, 2010
Important statistical development: ordinary least squares a mistake
In an important new development, an archivist in the University of Gottingen has discovered a "typo" in a manuscript by Gauss. It transpires that he actually proved that OLS is neither unbiased nor efficient thus rendering 99.5% of econometrics invalid.
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