Econometrics: Alchemy or Science? (Paperback)

David F. Hendry

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Lingua: inglese

Editore: Oxford University Press, Oxford, 2000

0198293542 / 9780198293545

Da: Grand Eagle Retail, Bensenville, IL, U.S.A.Grand Eagle Retail

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Venditore AbeBooks dal 12 ottobre 2005

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Paperback. "Econometrics: Alchemy or Science?" analyses the effectiveness and validity of applying econometric methods to economic time series. The methodological dispute is long-standing, and no claim can be made for a single valid method, but recent results on the theory and practice of model selection bid fair to resolve many of the contentious issues.The book presents criticisms and evaluations of competing approaches, based on theoretical economicand econometric analyses, empirical applications, and Monte Carlo simulations, which interact to determine best practice. It explains the evolution of an approach to econometric modelling founded incareful statistical analyses of the available data, using economic theory to guide the general model specification. From a strong foundation in the theory of reduction, via a range of applied and simulation studies, it demonstrates that general-to-specific procedures have excellent properties.The book is divided into four Parts: Routes and Route Maps; Empirical Modelling Strategies; Formalization; and Retrospect and Prospect. A short preamble to each chapter sketches thesalient themes, links to earlier and later developments, and the lessons learnt or missed at the time. A sequence of detailed empirical studies of consumers' expenditure and money demand illustratemost facets of the approach. Material new to this revised edition describes recent major advances in computer-automated model selection, embodied in the powerful new software program PcGets, which establish the operational success of the modelling strategy. David Hendry's presents a paper on econometric methodology which g explains the logic of his general approach to econometric modelling and describes advances in computer-automated modelling, which establish the success of the proposed strategy. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Codice articolo 9780198293545

Titolo
Econometrics: Alchemy or Science? (Paperback)
Autore
David F. Hendry
Editore
Oxford University Press, Oxford
Anno di pubblicazione
2000
Condizione
new
Rilegatura
Paperback
Lingua
inglese
ISBN 10
0198293542
ISBN 13
9780198293545
Edizione
seconda edizione

Grand Eagle Retail

Bensenville, IL, U.S.A.

Venditore con 5 stelle

Venditore AbeBooks dal 12 ottobre 2005

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