Comments on Calibration

Duke Economics Working Paper #96-25

3 Pages Posted: 28 Apr 1997

See all articles by A. Ronald Gallant

A. Ronald Gallant

Duke University - Fuqua School of Business, Economics Group; New York University - Department of Economics

Abstract

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

Gallant, A. Ronald, Comments on Calibration. Duke Economics Working Paper #96-25. Available at SSRN: https://ssrn.com/abstract=2386 or http://dx.doi.org/10.2139/ssrn.2386

A. Ronald Gallant (Contact Author)

Duke University - Fuqua School of Business, Economics Group ( email )

Box 90097
Durham, NC 27708-0097
United States

New York University - Department of Economics ( email )

269 Mercer Street, 7th Floor
New York, NY 10011
United States

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