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The only relevant test of the validity of a hypothesis is comparison of prediction with experience. is a quote of American economist and statistician Milton Friedman (1912 - 2006). The quote can be found in the chapter "The methodology of positive economics" written by Dr. Friedman as an original article in his 1953 book "Essays in Positive Economics" containing a collection of his earlier articles.
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Date Of Record Creation 2011-02-18 21:36:00
Date Last Modified 2011-02-18 21:36:00
Date Of Record Release 2011-02-18 21:36:00
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Author Name Milton Friedman
Author Organization University of Chicago
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Statistical Topic
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