What do RBC economists mean by the term calibration? O Empirically testing a theoretical model by matching simulated dat

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

What do RBC economists mean by the term calibration? O Empirically testing a theoretical model by matching simulated dat

Post by answerhappygod »

What Do Rbc Economists Mean By The Term Calibration O Empirically Testing A Theoretical Model By Matching Simulated Dat 1
What Do Rbc Economists Mean By The Term Calibration O Empirically Testing A Theoretical Model By Matching Simulated Dat 1 (14.49 KiB) Viewed 14 times
What do RBC economists mean by the term calibration? O Empirically testing a theoretical model by matching simulated data from the model to corresponding values from real-world data. O Changing a theory as the economy changes. O Adjusting empirical models to validate a particular macroeconomic theory. O Modifying the structure of an economic theory to strengthen its logic to better match the data.
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”