This is a found poem
from my econometrics
class, taught by Korea
n professor Dr. Ahn at Arizona State University
). Econometrics is basically a cross between statistics
. Each line is something he actually said during lecture
over the course of about three class periods.
Compute, manipulatethe data set
But that's a standard error.
Why I'm talking about this?
That's very simple.
I would like to know
The Individual Case.
I can always make a mistake, even if I know.
Another thing is this one:
How much you regress if varying.
I do not know
You cannot blame me.
Try to stabilize.
Get out of this recession.
I would like to know specifically
The lower bound and the upper bound-
The confidence interval of the individual case.
The formula changes
Everything is going together.
That's the problem.
What do you reject?
Captured by this variance,
I don't know what you gonna reject.
Up and down a lot.
Look at behavior of residual.
This kind of information can be really useful.
Surprise sometimes can be good, sometimes can be bad.
Give up? That's one way to live.
We have to make a guess.
Given the critical value, you can construct confidence.
Yesterday God told me don't give up, no matter what happens.
Hope is a very serious thing.
Life finds the way.