Concepts I Like: Structural equation modeling

Wikipedia says:

Structural equation modeling (SEM) is a statistical technique for testing and estimating causal relationships using a combination of statistical data and qualitative causal assumptions. This view of SEM was articulated by the geneticist Sewall Wright (1921), the economists Trygve Haavelmo (1943) and Herbert Simon (1953), and formally defined by Judea Pearl (2000) using a calculus of counterfactuals.

I don’t really have any comments at this point, other than that I think it might be useful to me in my intellectual endeavors and that I want to learn more about it.

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