All of the following are good reasons for an applied econometrician to learn some econometric theory, with the exception of
A)turning your statistical software from a "black box" into a flexible toolkit from which you are able to select the right tool for a given job.
B)understanding econometric theory lets you appreciate why these tools work and what assumptions are required for each tool to work properly.
C)learning how to invert a 4×4 matrix by hand.
D)helping you recognize when a tool will not work well in an application and when it is time for you to look for a different econometric approach.

Question

Quizplus · Accepted Answer

Learning how to invert a 4x4 matrix by hand is not a good reason for an applied econometrician to learn some econometric theory as it is not a practical skill that is needed in most econometric applications.

All of the Following Are Good Reasons for an Applied