Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/334128 
Authors: 
Year of Publication: 
2024
Citation: 
[Journal:] Asian Journal of Economics and Banking (AJEB) [ISSN:] 2633-7991 [Volume:] 8 [Issue:] 3 [Year:] 2024 [Pages:] 354-365
Publisher: 
Emerald, Leeds
Abstract: 
Purpose - This study aims to find suitable replacements for hypothesis testing and variable-importance measures. Design/methodology/approach - This study explores under-used predictive methods. Findings - The study's hypothesis testing can and should be replaced by predictive methods. It is the only way to know if models have any value. Originality/value - This is the first time predictive methods have been used to demonstrate measure and variable importance. Hypothesis testing can never prove the goodness of models. Only predictive methods can.
Subjects: 
Bayes factors
Hypothesis testing
Predictive modeling
Replication crisis
JEL: 
C04
C05
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by Logo
Document Type: 
Article

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