Re: Budget deficits and GDP

On Nov 28, 5:59 pm, ro...@xxxxxxxxx wrote:
On Wed, 28 Nov 2007 08:16:58 -0800 (PST), Lysander

<lysan...@xxxxxxxxxxx> wrote:
On Nov 28, 3:17 am, Robert Vienneau <rv...@xxxxxxxxxxxxxxxxxxxxxx>
wrote:


Simply because empirical work shows the relationship to exist.

Empirical data show a lot of things, many of them open to
interpretation.

Not if the study is done right. There is little interpretation as to
if a coefficient is significant or not. We have a standard of a 90%
confidence interval if your t-statistic is not big enough to be in
that interval then it is not significant. Roy believes that
statistical analysis is open to a lot of interpretation because he
believes that corellation implies causation and can not figure out a
better strategy than look at two variables and try to make a gut
decision if they move together. Roy would probably be surprised to see
a lot of things he eyeballs and thinks are correlated have no
statistically significant correlation. To understand that he must
first learn what statistical significance is. He will like not but he
believes all the answers lie with St. Henry George the basis of the
Geoist religion.


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