Michael Hausman

Michael Hausman is an influential figure in the field of economics and statistics, particularly known for his work in econometrics. He has contributed to developing methods for analyzing economic data, especially in understanding causal relationships. Hausman is notable for the Hausman Test, which helps determine whether to use fixed or random effects models in panel data analysis, essential for effective statistical modeling in economics. His research has aided in making more accurate predictions and interpretations of economic phenomena, thus influencing both academic research and practical applications in policy-making and business.