University of Arizona 3 credits Economics
This course explains the fundamental trade-off in prediction: The Estimation uncertainty versus Misspecification of the Conditional Expectation. We use parsimonious models and machine learning to deal with this trade-off. The course emphasizes understanding and intuition so that you can adjust the tools to new quantitative problems that you may encounter. This distinguishes the course from an undergraduate course or an `econometric cookbook' course.
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