S4E10 Test Driving Model Identification
Quantitude
Is It Okay to Introduce Latent Variables?
Sebastian: I tend to solve those identification problems by avoiding those kinds of models. Is it okay if we move to introducing latent variables? It's like the old saying is it's completely safe to work with explosives and tell it's not. And now it's a whole new ball game because latent variables are the people that you invite to a potluck who don't bring any food.
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