Thursday, January 23, 2014

Jim Hamilton on R-Squared and Economic Prediction

I always tell my students that, when it comes to regression results, the value of the coefficient of determination (R2), is pretty much the last thing that I look at. And I'm serious! I've blogged about this before (see here, for example), but it's worth reiterating, and I was reminded of this when I saw Jim Hamilton's post on this topic today.

Read it, and enjoy!


© 2014, David E. Giles

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