Econometric Modeling: A Likelihood Approach
By David F. Hendry and Bent Nielsen
5/5
()
Currently unavailable
Currently unavailable
About this ebook
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.
Related to Econometric Modeling
Related ebooks
Economic Forecasting Rating: 0 out of 5 stars0 ratingsForecasting in Business and Economics Rating: 2 out of 5 stars2/5Forecasting Economic Time Series Rating: 5 out of 5 stars5/5Interest Rate Models: An Introduction Rating: 3 out of 5 stars3/5Learning and Expectations in Macroeconomics Rating: 4 out of 5 stars4/5An Introduction to Time Series Analysis and Forecasting: With Applications of SAS® and SPSS® Rating: 5 out of 5 stars5/5Microeconomics: A Modern Treatment Rating: 5 out of 5 stars5/5Handbook of Economic Forecasting Rating: 0 out of 5 stars0 ratingsAn Introduction to Mathematical Analysis for Economic Theory and Econometrics Rating: 0 out of 5 stars0 ratingsEssentials of Applied Econometrics Rating: 0 out of 5 stars0 ratingsReal Analysis with Economic Applications Rating: 3 out of 5 stars3/5Mostly Harmless Econometrics: An Empiricist's Companion Rating: 4 out of 5 stars4/5Handbook of Econometrics Rating: 5 out of 5 stars5/5Econometric Analysis of Regional Systems: Explorations in Model Building and Policy Analysis Rating: 0 out of 5 stars0 ratingsEvaluation of Econometric Models Rating: 0 out of 5 stars0 ratingsApplied Econometrics: A Simple Introduction Rating: 5 out of 5 stars5/5Econometrics: A Simple Introduction Rating: 4 out of 5 stars4/5Foundations of Econometrics Rating: 0 out of 5 stars0 ratingsHandbook of Financial Econometrics: Tools and Techniques Rating: 0 out of 5 stars0 ratingsLearn Econometrics Fast Rating: 0 out of 5 stars0 ratingsFinancial Mathematics Rating: 5 out of 5 stars5/5Econometrics and the Philosophy of Economics: Theory-Data Confrontations in Economics Rating: 0 out of 5 stars0 ratingsAsymptotic Theory for Econometricians Rating: 0 out of 5 stars0 ratingsAnalysis of Economic Time Series: A Synthesis Rating: 0 out of 5 stars0 ratingsFinancial Econometrics: Problems, Models, and Methods Rating: 4 out of 5 stars4/5Elements of Numerical Mathematical Economics with Excel: Static and Dynamic Optimization Rating: 0 out of 5 stars0 ratingsEconometrics Rating: 3 out of 5 stars3/5Methods for Applied Macroeconomic Research Rating: 3 out of 5 stars3/5Handbook of Monetary Economics Rating: 5 out of 5 stars5/5Yield Curve Modeling and Forecasting: The Dynamic Nelson-Siegel Approach Rating: 4 out of 5 stars4/5
Economics For You
Economics For Dummies, 3rd Edition Rating: 5 out of 5 stars5/5Economics 101: From Consumer Behavior to Competitive Markets--Everything You Need to Know About Economics Rating: 4 out of 5 stars4/5The Intelligent Investor, Rev. Ed: The Definitive Book on Value Investing Rating: 4 out of 5 stars4/5Divergent Mind: Thriving in a World That Wasn't Designed for You Rating: 4 out of 5 stars4/5The Richest Man in Babylon: The most inspiring book on wealth ever written Rating: 5 out of 5 stars5/5Wise as Fu*k: Simple Truths to Guide You Through the Sh*tstorms of Life Rating: 4 out of 5 stars4/5Sex Trafficking: Inside the Business of Modern Slavery Rating: 4 out of 5 stars4/5Think in Systems: The Art of Strategic Planning, Effective Rating: 4 out of 5 stars4/5Quiet Leadership: Six Steps to Transforming Performance at Work Rating: 4 out of 5 stars4/5A History of Central Banking and the Enslavement of Mankind Rating: 5 out of 5 stars5/5Economix: How and Why Our Economy Works (and Doesn't Work), in Words and Pictures Rating: 4 out of 5 stars4/5You Can't Lie to Me: The Revolutionary Program to Supercharge Your Inner Lie Detector and Get to the Truth Rating: 4 out of 5 stars4/5Confessions of an Economic Hit Man, 3rd Edition Rating: 5 out of 5 stars5/5The Lords of Easy Money: How the Federal Reserve Broke the American Economy Rating: 4 out of 5 stars4/5Economics: The User's Guide Rating: 4 out of 5 stars4/5The Hard Truth About Soft Skills: Soft Skills for Succeeding in a Hard Wor Rating: 3 out of 5 stars3/5Disrupting Sacred Cows: Navigating and Profiting in the New Economy Rating: 0 out of 5 stars0 ratingsEverybody Lies: Big Data, New Data, and What the Internet Can Tell Us About Who We Really Are Rating: 4 out of 5 stars4/5Men without Work: Post-Pandemic Edition (2022) Rating: 5 out of 5 stars5/5Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist Rating: 4 out of 5 stars4/5The Sovereign Individual: Mastering the Transition to the Information Age Rating: 4 out of 5 stars4/5Chip War: The Fight for the World's Most Critical Technology Rating: 4 out of 5 stars4/5Predictably Irrational, Revised and Expanded Edition: The Hidden Forces That Shape Our Decisions Rating: 4 out of 5 stars4/5Nickel and Dimed: On (Not) Getting By in America Rating: 4 out of 5 stars4/5Capital in the Twenty-First Century Rating: 4 out of 5 stars4/5Bottle of Lies: The Inside Story of the Generic Drug Boom Rating: 4 out of 5 stars4/5Capitalism and Freedom Rating: 4 out of 5 stars4/5The Physics of Wall Street: A Brief History of Predicting the Unpredictable Rating: 4 out of 5 stars4/5
Reviews for Econometric Modeling
2 ratings1 review
- Rating: 5 out of 5 stars5/5Good