Non-Nested Regression Models (Economic Issues, Problems and Perspectives) - Softcover

Bhatti, M Ishaq

 
9781624177705: Non-Nested Regression Models (Economic Issues, Problems and Perspectives)
Softcover
ISBN 10: 1624177700 ISBN 13: 9781624177705
Publisher: Nova Science Publishers, Inc (US), 2013

Synopsis

This book addresses two interrelated problems in economics modelling: non-nested hypothesis testing in econometrics, and regression models with stochastic/random regressors. The primary motivation for this book stems from the nature of econometric models. As an abstraction from reality, each statistical model consists of mathematical relationships and stochastic, behavioural assumptions. In practice, the validity of these assumptions and the adequacy of the mathematical specifications is ascertained through a series of diagnostic and specification tests. Conventional test procedures, however, fail to recognise that economic theory generally provides more than one distinct model to explain any given economic phenomenon.

"synopsis" may belong to another edition of this title.

Publisher
Nova Science Publishers, Inc (US)
Publication date
2013
Language
English
ISBN 10 
1624177700
ISBN 13 
9781624177705
Binding
Paperback
Number of pages
109