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Tag Archives: parameters
Parameters
A world where it takes 30 hours of minimumwage work to pay the rent, is very different to a world where it takes 120 hours of minimumwage work to pay the rent. It’s a factor of 4—just half an order of … Continue reading
Posted in Uncategorized
Tagged beta, economics, life, parameters, tstatistic, tvalue, work
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Jacobian
In the world of linear approximations of multiple parameters and multiple outputs, the Jacobian is a matrix that tells you: if I twist this knob, how does that part of the output change? Pretend that a through z are parameters, or knobs … Continue reading
Posted in Uncategorized
Tagged endogenous, exogenous, Jacobian, linear algebra, math, mathematics, maths, matrix, multilinear map, parameters, partial derivative, tensor
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