Three attitudes towards data mining

Journal of Economic Methodology

Volumn 7, Issue 2, 2000, Pages 195-210

  Hoover, Kevin D ^a   Perez, Stephen J ^b  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b WASHINGTON STATE UNIVERSITY   (United States)

Author keywords

Data Mining; Extreme bounds Analysis; General to specific; LSE Econometrics; Specification Search

Indexed keywords

EID: 0010202197     PISSN: 1350178X     EISSN: 14699427     Source Type: Journal    
DOI: 10.1080/13501780050045083     Document Type: Article

References (32)

1. Baba, Yoshihisa, Hendry, David F. and Starr, Ross M. (1992) 'The demand for Ml in the USA', Review of Economic Studies 59: 25-61.
2. Ericsson, Neil R., Campos, Julia and Tran, H.-A. (1990) 'PC-GIVE and David Hendry's econometric methodology', Revista de Econometrica 10: 7-117.
3. Faust, Jon and Whiteman, Charles H. (1995) Commentary [on Grayham E. Mizon 'Progressive modeling of macroeconomic times series: the LSE methodology' ], in Kevin D. Hoover (ed.) Macroeconometrics: Developments, Tensions and Prospects, Boston: Kluwer, pp. 171-80.
4. Gilbert, Christopher L. (1986) 'Professor Hendry's econometric methodology', Oxford Bulletin of Economics and Statistics 48: 283-307. (Reprinted in Granger 1990).
5. Goldfeld, Stephen M. (1973) 'The demand for money revisited', Brookings Papers on Economic Activity, no. 3: 577-638.
6. Granger, C.W.J. (1990) Modelling Economic Series: Readings in Econometric Methodology, Oxford: Clarendon Press.
7. Hansen, Bruce E. (1996) 'Methodology: alchemy or science?', Economic Journal 106: 1398-431.
8. Hendry, David F. (1987) 'Econometric methodology: a personal viewpoint', in Truman Bewley (ed.) Advances in Econometrics, Vol. 2, Cambridge: Cambridge University Press.
9. Hendry, David F. (1988) 'Encompassing', National Institute Economic Review 125: 88-92.
10. Hendry, David F. (1995) Dynamic Econometrics, Oxford: Oxford University Press.
11. Hendry, David F., Learner, Edward E. and Poirier, Dale J. (1990) 'The ET dialogue: a conversation on econometric methodology', Econometric Theory 6:171-261.
12. Hendry, David F. and Richard, Jean-François (1987) 'Recent Developments in the Theory of Encompassing', in Bernard Cornet and Henry Tulkens (eds) Contributions to Operations Research and Economics: The Twentieth Anniversary of Core, Cambridge, MA: MIT Press, pp. 393-440.
13. Hess, Gregory D., Jones, Christopher S. and Porter, Richard D. (1994) 'The predictive failure of the Baba, Hendry and Starr model of the demand for Ml, Journal of Economics and Business 50: 477-507.
14. Hoover, Kevin D. (1995) 'In defense of data mining: some preliminary thoughts', in Kevin D. Hoover and Steven M. Sheffrin (eds) Monetarism and the Methodology of Economics: Essays in Honour of Thomas Mayer. Aldershot: Edward Elgar.
15. Hoover, Kevin D.and Ferez, Stephen J. (1999) 'Data mining reconsidered: encompassing and the general-to-specific approach to specification search', Econometrics Journal 2: 1-25.
16. Jeong, J. and Maddala, G.S. (1993) 'A perspective on applications of bootstrap methods in econometrics', in G.S. Maddala, C.R. Rao and H.D. Vinod (eds) Handbook of Statistics, vol. 11, Econometrics, Amsterdam: North Holland, pp. 573-610.
17. Judd, John P. and Scadding, John L. (1982) 'The search for a stable money demand function: a survey of the post-1973 literature', Journal of Economic Literature 22: 993-1023.
18. Learner, Edward (1978) Specification Searches: Ad Hoc Inference with Nonexperimental Data, Boston: John Wiley.
19. Learner, Edward, (1983) 'Let's Take the Con Out of Econometrics', American Economic Review 73: 31-43. Reprinted in Granger (1990).
20. Learner, Edward E. and Leonard, Herman (1983) 'Reporting the Fragility of Regression Estimates', Review of Economics and Statistics 65: 306-317.
21. Lovell, Michael C. (1983) 'Data mining', The Review of Economics and Statistics, 65: 1-12.
22. Mayer, Thomas (1980) 'Economics as a Hard Science: Realistic Goal or Wishful Thinking?', Economic Inquiry, 18: 165-78.
23. Mayer, Thomas (1993) Truth versus Precision in Economics. Aldershot: Edward Elgar.
24. Mayer, Thomas (2000) 'Data mining: a reconsidertion', Journal of Economic Methodology 7:183-90.
25. McAleer, Michael, Pagan, Adrian R. and Volker, Paul A. (1983) 'What will take the con out of econometrics', American Economic Review 75 (3) June: 293-307. Reprinted in Granger (1990).
26. Mizon, Grayham E. (1984) 'The Encompassing Approach in Econometrics', in D.F. Hendry and K.F. WaIlis (eds) Econometrics and Quantitative Economics, Oxford: Basil Blackwell, pp. 135-72.
27. Mizon, Grayham E. (1995) 'Progressive modelling of macroeconomic time series: the LSE methodology', in Kevin D. Hoover (ed.)Macroeconometrics: Developments.
28. Tensions and Prospects, Boston: Kluwer, pp. 107-70.
29. Mizon, Grayham E. and Richard, Jean-François (1986) 'The encompassing principle and its application to testing non-nested hypotheses', Econometrica 54,657-78.
30. Pagan, Adrian (1987) 'Three econometric methodologies: a critical appraisal', Journal of Economic Surveys 1:3-24. Reprinted in Granger (1990).
31. Phillips, Peter C. B. (1988) 'Reflections on econometric methodology', Economic Record 64: 334-59.
32. White, Halbert (1990) 'A Consistent Model Selection Procedure Based on m-testing', in C.W.J. Granger (ed) Modelling Economic Series: Readings in Econometric Methodology, Oxford: Clarendon Press, pp. 369-83.