Copyrights to papers in the Duke Economics Working Paper Archive remain with the authors or their assignees. Archive users may download papers and produce them for their own personal use, but downloading of papers for any other activity, including reposting to other electronic bulletin boards or archives, may not be done without the written consent of the authors.

Duke Economics Working Paper #96-25

Comments on Calibration

A. Ronald Gallant


This paper summarizes comments at the Panel Discussion on Calibration at the Seventh World Congress of the Econometric Society, Keio University, Tokyo, Japan, 22-29 August 1995.

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.

Retrieve document:

6 pages

  Help on downloading documents