> Choate erred:
> Actualy it is. Econometrics is a science that has existed for about 30
> years with respect to the tools, the collection of the datasets and an
> infrastructure to use them effectively is only now possible.
>
> Nobody else can predict definitively what would happen either, then or
> now. So your challenge is worthless.
in other words, it's a branch of statistics that provides no real value.
there's no point in providing statistical analysis of the past if you can't
apply that knowledge to the present or the future. it's like saying 'i know
what the weather was like a week ago sunday'. even then, you can't possibly
catch all the important variables. remember chaos theory? what about
complexity?
> Give the econometricians 200 years like the economists have had, fair is
> fair.
it didn't take that long to go from nuclear bomb theory to bomb. it didn't
take that long to go from discovery of xrays to the xray machine. it didn't
take that long to go from pcr multiplication to viable dna testing. plus
the righ motivation is there to spur development of the 'theory' to
solution: the accumulation of extreme wealth.
