Document Type

Report

Publication Date

1-1995

Number

28

Abstract

Why have multicriteria decision making (MCDM) techniques played only a minor role in econometric and statistical methodology to date? On the surface, this minor role is surprising. Every postulated theoretical relation is almost surely false. A cross-sectional function for household demand may be misspecified as linear rather than nonlinear.

Published As

This report has been published in Computational Statistics & Data Analysis Volume 21, Issue 2, Pages 193-214

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