1. It contained the RESET test for misspecification of an econometric model . 2. Klein won his Nobel in 1980 for his pioneering work in econometric models . 3. No econometric model can forecast a winner in that fight. 4. The most common econometric models are counterfactual information, and are used for policy evaluation. 5. "' TSP "'is a programming language for the estimation and simulation of econometric models . 6. Generally, when testing for heteroscedasticity in econometric models , the best test is the White test. 7. 1980 : Lawrence R . Klein, United States, for the creation of certain econometric models . 8. _1980 : Lawrence R . Klein, United States, for the creation of certain econometric models . 9. 1980 _ Lawrence R . Klein, United States, for the creation of certain econometric models . 10. He also proposed an econometric model for censored endogenous variables, the well-known " Tobit model ".