Business education needs a dose of pessimism

Undergraduate business education faces a lot of criticism spanning from lack of practical training to philosophical arguments that management shouldn’t be taught at undergraduate level at all. I cannot change...

Introducing Panel FMOLS/DOLS command for Stata

Last week I was hired to perform a thorough analysis of a panel dataset for export dynamics of different sectors in a country. I had never done panel econometrics before...

Why is econometrics focused on linear models?

Econometrics is a separate discipline from statistics/probability/machine learning for a reason. The primary aim of econometrics and economics in general is interpretability. Economists could easily build very realistic models with...

Using impulse response functions to interpret partial effects in neural networks

This week I’ve been working on a research paper based on a very simple idea which, hopefully, can solve an important problem in applying machine learning techniques in economics — the interpretability....

Undergraduate business degree is a waste of time

I believe that undergraduate business education is the most useless degree. Having received one myself, I can tell you that every single topic they teach can easily be learned by...

Transform Excel into a translation tool using this VBA macro

A brief preface This summer I did an internship at BSH Hausgeräte (aka Bosch and Siemens Home Appliances), where I built a lot of amazing tools on Excel using VBA...