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Which of the following is not an advantage of nonparametric methods over parametric methods?
Milton Friedman
An American economist and Nobel laureate who is best known for his strong belief in free-market capitalism and the minimal role of government in the economy.
Adam Smith
A Scottish economist and philosopher, best known for his influential works on capitalism and the concept of the "invisible hand" guiding economic markets.
Archie Carroll
A scholar known for his work on corporate social responsibility (CSR), particularly for introducing the pyramid model of CSR.
Environmental Groups
Organizations focused on advocating for the protection and preservation of the environment and promoting sustainability.
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