Submitted by sarraf on March 7, 2012 - 9:01am
Econometric models are metaphors providing different windows on a complex and bewildering reality
~Pesaran (1988)
"Truth" is really nothing more than a "correspondence" with the facts, and an important role for the econometrics is to articulate what constitutes a satisfactory degree of correspondence
~Poirier (1988)
source: Kennedy (1992)