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by tomp
2994 days ago
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> You cannot dismiss rigorous statistical analysis by arguing it can never encompass the full dimensions of the data. This simply means it's not rigorous. See Omitted-variable bias - from [1]: The bias results in the model attributing the effect of the missing variables to the estimated effects of the included variables. For example, including gender but not education or hours worked will result in attributing pay differences to gender, but including all relevant variables shows that's gender is irrelevant. https://en.wikipedia.org/wiki/Omitted-variable_bias |
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This doesn't mean statistics is useless.
This is the meaning of the phrase "the map is not the territory". All models are flawed, but some are useful.