👉 The term "lobsid" is a term used in econometrics and statistics to refer to the concept of non-parametric tests. These tests are not based on a specific distribution or model, but rather they are designed to handle data that does not fit into a specified statistical model. Lobsids are often used in situations where there is no clear relationship between two variables, such as when the data is skewed or has outliers. They can be particularly useful for problems involving large datasets and complex relationships.
