Skip to content

Learning Economics as a Beginner: Understanding Causality

Econometrics isn’t just about proving causality—it’s about approximating truth. Through residual patterns, we test if a model holds. As with physics, it's less about certainty than refining the assumptions.

Photo by Bozhin Karaivanov / Unsplash
KC Law (Economist)

Published by:

KC Law (Economist)

Law Ka Chung is a Hong Kong economist and financial columnist.

This post is for paying subscribers only

Subscribe

Already have an account? Sign In

Latest