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Analyzing Quantitative Models

Author

Listed:
  • Armstrong JS

    (The Wharton School)

  • Shapiro George

Abstract

How can a potential user distinguish between a quantitative model that may be of some real value and one that is not? The model builder rarely provides much help, since most are advocates of their own work and tend to lose their objectivity toward the model. Therefore, an independent evaluation is necessary to judge the true usefulness of the model.

Suggested Citation

  • Armstrong JS & Shapiro George, 2005. "Analyzing Quantitative Models," General Economics and Teaching 0502031, University Library of Munich, Germany.
  • Handle: RePEc:wpa:wuwpgt:0502031
    Note: Type of Document - pdf; pages: 10
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    File URL: https://econwpa.ub.uni-muenchen.de/econ-wp/get/papers/0502/0502031.pdf
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    Cited by:

    1. Green, Kesten C. & Armstrong, J. Scott, 2015. "Simple versus complex forecasting: The evidence," Journal of Business Research, Elsevier, vol. 68(8), pages 1678-1685.
    2. Fildes, Robert & Petropoulos, Fotios, 2015. "Is there a Golden Rule?," Journal of Business Research, Elsevier, vol. 68(8), pages 1742-1745.

    More about this item

    Keywords

    quantitative models; analysis;

    JEL classification:

    • A - General Economics and Teaching

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