Comments on Calibration
Duke Economics Working Paper #96-25
3 Pages Posted: 28 Apr 1997
The position taken is that calibration is an activity that pervades science. However, statistical methods exist for proper calibration that achieve full efficiency and provide complete diagnostic tests. Such methods should be used. The deleterious consequences of the casual use of calibration from other disciplines are discussed.
JEL Classification: C10
Suggested Citation: Suggested Citation