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Empirical Model Discovery and Theory EvaluationAutomatic Selection Methods in Econometrics$
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David F. Hendry and Jurgen A. Doornik

Print publication date: 2014

Print ISBN-13: 9780262028356

Published to MIT Press Scholarship Online: January 2015

DOI: 10.7551/mitpress/9780262028356.001.0001

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Epilogue

Epilogue

Chapter:
(p.309) 24 Epilogue
Source:
Empirical Model Discovery and Theory Evaluation
Author(s):

David F. Hendry

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262028356.003.0024

An Epilogue allows authors to recount and explain the plot; it is an end, but not a conclusion. Much research remains necessary to fully develop automatic methods for empirical model discovery with theory evaluation. Nevertheless, comparing our understanding with that of two decades ago, huge advances have occurred, and major strides have been achieved in the computer algorithms that underpin such an approach. Here we summarize the developments described in the book, and present a few final thoughts about the way ahead.

Keywords:   Empirical model discovery, theory evaluation, automatic methods, computer algorithms

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