5min chapter

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Policy In An Age Of Politics — John Hewson

The Joe Walker Podcast

CHAPTER

Getting a Point Estimation From a Model

There's money to be made in not backing the trend. You'll be wrong for a while. People have gone into growth stocks versus are value stocks, or vice versa. And you've got to make those judgments. We still see point estimates being given all the attention. The precision of the model gets lost more and more. It's just like the first estimate of the cost of the job - twas Twas Casa that did it. Nobody bothered to look back and look at the way that was being administered by the tax office. That's what happened in somebody else's end. I don't know why people think they're going to get away with this kind of thing.

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