The leading strategy for analyzing unstructured data uses two steps. First, latent variables of economic interest are estimated with an upstream information retrieval model. Second, the estimates are treated as “data” in a downstream econometric model. We establish theoretical arguments for...

Equivalence testing methods can provide statistically significant evidence that relationships are practically equal to zero. I demonstrate their necessity in a systematic reproduction of estimates defending 135 null claims made in 81 articles from top economics journals. 37-63% of these...