As a follow up to
Carry on Regressing,
We are the disturbances,
Heteroskedasticity Blues and
Facebook econometricians I give you "Bootstrapping"
Ten thousand iterations, that should be enough
Can't rely on asymptotics or any of that stuff
Let's work our simulation, set our random seed
And run the batch program, because of the need
For bootstrapping
bootstrapping
bootstrapping.
Resample the data many thousands of times
Get a sampling distribution along the right lines
Its computer intensive but that's what we love
No need for large sample mathematical proofs
Wer'e bootstrapping
bootstrapping
Just bootstrapping
Professor Bradley Efron, he showed us the way
With Robert Tibshirani from the US of A
Statisticians and doctors, economists too
Medical scientists, they all want to do
Bootstrapping
Bootstrapping
Lots of bootstrapping
Guy Judge
March 2010