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Modeling Is Not Science
The title of this post applies, inter alia, to econometric models — especially those that purport to forecast macroeconomic activity — and climate models — especially those that purport to forecast...
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Modeling, Science, and Physics Envy
Climate Skeptic notes the similarity of climate models and macroeconometric models: The climate modeling approach is so similar to that used by the CEA to score the stimulus that there is even a...
View ArticleModeling Revisited
Arnold Kling comments on a post by John Taylor, who writes about the Macroeconomic Modelling and Model Comparison Network (MMCN), which is one part of a larger project called the Macroeconomic Model...
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