The Correctness Problems in Applying Inductive Statistics in Economics and Agriculture
Publicado en línea: 05 ago 2017
Páginas: 20 - 28
DOI: https://doi.org/10.1515/plua-2017-0003
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© 2017 Andrejs Jaunzems et al., published by De Gruyter Open
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
In the article “Professor Tinbergen’s Method” (Keynes J. M. Professor Tinbergen’s Method. − The Economic Journal. 1939. Vol. 49. No. 195) John Maynard Keynes expressed critical notes concerning insufficient scientific level of the Jan Tinbergen’s results obtained with the help of econometric methods. The conclusion of present research is that the critical appraisal of econometric applying given by John Maynard Keynes in 1939 can be completely assigned to many published in Latvia research in economics and business done by inductive statistics because scientists carelessly apply the linear regression model in absence of the knowledge