4

Econometrics is related to Economics Science also Statistics. Is it possible that it be an independent proposal like as Game Theory ? Can we enter Econometrics questions in Economics proposal?

4

If you are referring to this sample question I suspect the reason it was down-voted is that it is a simple definition question. We are looking to find good interesting questions that provide good examples for the site in the future. Questions that are potentially offtopic, or that can be found with simple search of the web generally do not fit that mold.

I do not think this question is off topic but it does not make a great question either. I did not downvote it but I would not upvote either. I think some quality econometrics questions would definately improved the earlier iteration of this site.

  • I am agree with you generally. But as you know, Economic subjects are related to very wide areas as like as sociology, history, marketing, financing... Then each group may have some answers to economic questions. But sometime absolutely Economics Science may have different and opposite mind for a question. Then I suggest us accepting all related questions and answer them with professional (theoretical background) viewpoint. Therefore despite to non scientific answers on web, we can provide professional answers to all people specially economics students. – Huseyin Feb 25 '14 at 10:08
  • @Huseyin - As I said it is not off topic. Just not a great SE Question. And no just accepting everything is not the way to build a quality SE. Part of what makes SE Great is that the topic is focused and we avoid the discussion topics of the Forums. There are plenty of Economics forums you can participate in, SE is something different. – Chad Feb 25 '14 at 15:12
  • I am agree with you for non great SE questions. Here I am asking about professional econometrics techniques that economist may want use them. I think that I may have not any question that others can guide me here. I am professional in Economics. I can find anythings about my study field from related literature. – Huseyin Feb 25 '14 at 15:29
  • @Huseyin - I agree. Applications of econometrics should be on topic unless they are purely statistics questions. Feel free to add a few econometrics sample questions to the A51 proposal. I think they will be well recieved – Chad Feb 25 '14 at 15:32
12

Econometrics is a fundamental tool to any economist doing an empirical study. I see no reason why it shouldn't be on topic. With that being said, why don't you just offer a couple of sample questions and see how people vote on them?

  • Yes, I am agree with you. But what about statistical background of econometrics? – Huseyin Feb 22 '14 at 20:42
  • 1
    @Huseyin - Some of the experts we will attract with good econometrics will be able to handle the statistical questions. Those questions that are more about statistics rather than the application of Econometrics are probably better handled at Statistics – Chad Feb 24 '14 at 22:56
  • Here's an example question! "Should I log my outcome variable, 'wage', if many of my predictor variables are also logged? Is a regression equation that essentially measures elasticity meaningful?" – rosenjcb Nov 4 '14 at 14:02
7

Excuse the strong language, but it is unthinkable not to include Econometrics in an Economics Q&A site. I understand that there exist economists who detest Econometrics (I have met some) -but there are also many who think that Economics without Econometrics is just an intellectual exercise for the fun of it (irrespective of where their expertise in the filed lies). Thankfully, they seem to complement each other.

As for the fact that Cross Validated accepts and deals with Econometrics questions, this happens because Cross Validated is about Statistics - and Statistics are used everywhere. This is also why Cross Validated has an abnormally high percentage of unanswered questions -they are so diverse and require so different kinds of expertise that simply, the required answering capital is not available. It will not be the first time SE sites overlap (for example, CV overlaps with math.SE as regards mathematical statistics and probability theory).

Many econometric questions in CV, rather than asking technical, mathematical statistics issues, have mainly to do with modelling (i.e. mapping the real world to a model) and interpretation. And for those, economists and econometricians are best equipped to answer. But also, for those more technical questions, I must note that there are many econometrics issues with which other statisticians are not really familiar with (and vice-versa of course). Econometrics is a very productive "offspring" of Statistics -it was economists and econometricians who first dealt consistently with non-experimental, observational data, brought in the surface the issues related to that framework, and studied them in depth, offering many important theoretical and applied contributions -and always linked with their interpretation for real world phenomena.

To provide an example that showcases the kind of interpretation of technical aspects that is needed in Econometrics: how many outside economics and econometrics do you think they have thought about what it implies (in abstract, I mean) to find a unit-root in two processes each describing the same economic phenomenon in two different national economies -as opposed, say to find a deterministic time trend? I get all kinds of surprised faces when I explain that it is the "unit root", this "symbol of randomness" that points towards a deeper structural (and hence "not that random") similarity between the two economies -while the deterministic time-trend just detects similarity in behavior (that may have a common outside source) and not necessarily in structure.

-3

Econometrics is already covered by a tag in Cross-validated, so it may not be a good idea to create a site that overlaps with an existing one. We can follow a policy of redirecting users there.

  • I think theoretical bases and proves can be diverted but economic implications and steps should be replied here. It is similar to mathematical models in economic theory, then it can be diverted if it need deep math knowledge. – Huseyin Mar 1 '14 at 18:35
  • In practice, I can't think of an econometrics question that would not benefit from the experienced uses in statistics stack overflow. The question is, do we want to be answering those questions here? I would rather have users ask questions where they are more likely to get a good answer, and would prefer to focus on what we can do better here in this site. I don't mean that our users cannot answer about econometrics, but it is a matter of gains from specialisation :). – Kenji Mar 1 '14 at 19:09
  • your question is very important and all people must participate about our decision. – Huseyin Mar 1 '14 at 19:19

You must log in to answer this question.

Not the answer you're looking for? Browse other questions tagged .