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Re:Logistic regression from scratch by colinmhayes on Thursday June 25, 2020 @05:04PM (#23645683)
So you're going with the only difference being who's building the model. Interesting take, can't say I disagree much. Although I would say that regularization in econometric models is a bit rare because it distorts the coefficients which as you pointed out is the primary goal of econometrics.
Re:Logistic regression from scratch by mr_toad on Friday June 26, 2020 @12:03AM (#23648590)
Econometric models tend to be hand-fit and focus more on explanation/hypothesis testing than prediction, so automated variable selection is less common (and sometimes frowned upon).