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"Econometrics may be defined as the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference."

— Paul Samuelson
paul samuelson Quotes Analysis,Econometrics,Method

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Paul Samuelson
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Econometrics
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Related
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My analyses and conclusions differ diametrically from those of the Southern Research Institute/National Cancer Institute report wherein it is concluded that amygdalin 'does not possess activity in the Lewis lung carcinoma system.'. My analysis of the data is that it is overwhelmingly positive.

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It does not follow from the separation of planning and doing in the analysis of work that the planner and the doer should be two different people. It does not follow that the industrial world should be divided into two classes of people: a few who decide what is to be done, design the job, set the pace, rhythm and motions, and order others about; and the many who do what and as they are told.

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