S4E10 Test Driving Model Identification
Quantitude
What Are Latent Variables?
A latent variable is something in our model that we believe to exist and want to estimate the presence for. Latent variables don't even have a metric, right? So if we don't assign them a scale right out of the gate, then all bets are off. And so there are certain things that we think about when we have latent variables.
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