🚀 go-pugleaf

andersh@maths.lth.se (Anders Holtsberg) writes:


>gary mcclelland mcclella@yertle.colorado.edu:

>You mean what is bad? Let's say we want to make predictions.
>Is the idea of using a subset of the predictors that is bad or
>do you mean the stepwise way to pick them? If the latter: do
>you know any better way (except trying all combinations)?

What about canonical co-ordinates? I always felt that this method
gave you a better feel for what might be going on, but it is
years since I did any econometrics.

What are the drawbacks of this method, assuming you use it
intelligently. (Obviously, the comments about the need for
thought and intuition apply equally well whatever method
you use).