This is extracted from this set of papers, which should be read in full. An ordinary regression model is written      mu = beta_0x_1 + ... + beta_0x_p, where mu…

Here's the headline: "AI can predict when someone will die with unsettling accuracy: This isn't the first time experts have harnessed AI's predictive power for healthcare." Unsettling accuracy? Is accuracy…

We are finally at the most crucial part of the modeling process: proving if the damned thing works. Not "works" in the sense that we get good unobservable parameter estimates,…

Here is a link to the PDF. Briggs, William M., 2019. Everything Wrong with P-Values Under One Roof. In Beyond Traditional Probabilistic Methods in Economics, V Kreinovich, NN Thach, ND…