The structural econometric time series analysis approach / edityed by Arnold Zellner and Franz C. Palm.
"Bringing together a collection of previously published work, this book provides a timely discussion of major considerations relating to the construction of econometric models that work well to explain economic phenomena, predict future outcomes and be useful for policy-making. Analytical relat...
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
New York :
Cambridge University Press,
2004.
|
| Subjects: |
| Summary: | "Bringing together a collection of previously published work, this book provides a timely discussion of major considerations relating to the construction of econometric models that work well to explain economic phenomena, predict future outcomes and be useful for policy-making. Analytical relations between dynamic econometric structural models and empirical time series MVARMA, VAR, transfer function, and univariate ARIMA models are established with important applications for model-checking and model construction. The theory and applications of these procedures to a variety of econometric modeling and forecasting problems, as well as Bayesian and non-Bayesian testing, shrinkage estimation, and forecasting procedures, are also presented and applied. Finally, attention is focused on the effects of disaggregation on forecasting precision and the new Marshallian Macroeconomic Model that features demand, supply, and entry equations for measure sectors of economies is analyzed and described. This volume will prove invaluable to professionals, academics, and students alike."--BOOK JACKET. |
|---|---|
| Physical Description: | xv, 718 pages : illustrations ; 24 cm |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 0521814073 9780521814072 |