Econometric Modeling: A Likelihood Approach PDF (Adobe DRM) download by David F. Hendry

Econometric Modeling: A Likelihood Approach

Princeton University Press
Publication date: June 2012
ISBN: 9781400845651
Digital Book format: PDF (Adobe DRM)

Buy PDF

List price:
$75.00
Our price:
$70.99

You save: $4.01 (5%)
GET THIS EBOOK
FOR FREE!
Join our Facebook sweepstake, share and
get 10 likes. Winners
get notified in 24H!

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.

Please sign in to review this product.
Format:
Devices:
Econometric Modeling: A Likelihood Approach PDF (Adobe DRM) can be read on any device that can open PDF (Adobe DRM) files.

File Size:
3073 Kb
Language:
ENG
Copy From Text:
Disabled.
Printing:
Disabled.