"On the way from Chicago, I spent the summer of 1947 in Ottawa, helping to build the first of a series of econometric models for the Canadian government"
- Lawrence R. Klein
About this Quote
This quote by Lawrence R. Klein is a testament to his devotion to the field of economics. In 1947, he took a break from his studies in Chicago to take a trip to Ottawa and assist construct the first of a series of econometric models for the Canadian federal government. This was a monumental job, as econometric models are complicated mathematical models utilized to evaluate economic data. Klein's operate in Ottawa was likely crucial in the development of the Canadian economy, as econometric designs are used to make forecasts about the future of the economy and inform policy choices. His operate in Ottawa was a testimony to his dedication to the field of economics and his devotion to assisting the Canadian government.
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