Econometrics

Econometric Modeling: A Likelihood Approach

Name: Econometric Modeling: A Likelihood Approach
Brand: Princeton University Press
SKU: 9780691130897
Price: 11604.00 INR
Availability: InStock
ISBN: 9780691130897

ECONOMETRIC MODELING

Contributor(s): Hendry, David F. Author , Nielsen, Bent Author Format: Paperback

Paperback · ISBN 9780691130897

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Key Specifications

ISBN	9780691130897
Subtitle	ECONOMETRIC MODELING
Publisher	Princeton University Press
Publication date	March 2007
Language	English
MRP	£92.00 GBP
Page count	378
Item weight	145 g

Econometric Modeling provides a new and stimulating introduction to econometrics, focusing on modeling. The key issue confronting empirical economics is to establish sustainable relationships that are both supported by data and interpretable from economic theory. The unified likelihood-based approach of this book gives students the required statistical foundations of estimation and inference, and leads to a thorough understanding of econometric techniques.

David Hendry and Bent Nielsen introduce modeling for a range of situations, including binary data sets, multiple regression, and cointegrated systems. In each setting, a statistical model is constructed to explain the observed variation in the data, with estimation and inference based on the likelihood function. Substantive issues are always addressed, showing how both statistical and economic assumptions can be tested and empirical results interpreted. Important empirical problems such as structural breaks, forecasting, and model selection are covered, and Monte Carlo simulation is explained and applied.

Econometric Modeling is a self-contained introduction for advanced undergraduate or graduate students. Throughout, data illustrate and motivate the approach, and are available for computer-based teaching. Technical issues from probability theory and statistical theory are introduced only as needed. Nevertheless, the approach is rigorous, emphasizing the coherent formulation, estimation, and evaluation of econometric models relevant for empirical research.

Econometric Modeling: A Likelihood Approach

Key Specifications

Hendry, David F. Author

Nielsen, Bent Author

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