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Re: st: comparing nested models

From   Neil Shephard <>
Subject   Re: st: comparing nested models
Date   Thu, 3 Feb 2011 17:09:37 +0000

On Thu, Feb 3, 2011 at 4:59 PM, Austin Nichols <> wrote:
> Most would assume log wages are a quadratic or higher order polynomial
> function of age without much theoretical justification (google "Mincer
> wage equation" for discussion),

Not being an economist I've no appreciation for the distribution of wages.

> but note that age is categorical in
> every dataset already...  Though I suppose it could be measured with
> millisecond precision as of Stata 10.

In which case there are no continuous variables, ever, just
increasingly finer graded categories!


“Truth in science can be defined as the working hypothesis best suited
to open the way to the next better one.” - Konrad Lorenz

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