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Published by Princeton University Press, US, 2010
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Hardback. Condition: New. Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Summarizing and extending recent advances in Bayesian econometrics, Geweke shows how simple modern simulation methods can complement the creative process of model formulation. These methods, which are accessible to economics PhD students as well as to practicing applied econometricians, streamline the processes of model development and specification checking. Complete with illustrations from a wide variety of applications, this is an important contribution to econometrics that will interest economists and PhD students alike.
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Published by Princeton University Press, 2010
ISBN 10: 0691140022 ISBN 13: 9780691140025
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Condition: New. Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. This book addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Series: The Econometric and Tinbergen Institutes Lectures. Num Pages: 176 pages, 23 line illus. 12 tables. BIC Classification: KCH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 216 x 140 x 20. Weight in Grams: 354. . 2010. Hardcover. . . . .
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Published by Princeton University Press, US, 2010
ISBN 10: 0691140022 ISBN 13: 9780691140025
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Hardback. Condition: New. Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Summarizing and extending recent advances in Bayesian econometrics, Geweke shows how simple modern simulation methods can complement the creative process of model formulation. These methods, which are accessible to economics PhD students as well as to practicing applied econometricians, streamline the processes of model development and specification checking. Complete with illustrations from a wide variety of applications, this is an important contribution to econometrics that will interest economists and PhD students alike.
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Published by Princeton University Press, 2010
ISBN 10: 0691140022 ISBN 13: 9780691140025
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Condition: New. Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. This book addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Series: The Econometric and Tinbergen Institutes Lectures. Num Pages: 176 pages, 23 line illus. 12 tables. BIC Classification: KCH. Category: (P) Professional & Vocational; (UP) Postgraduate, Research & Scholarly. Dimension: 216 x 140 x 20. Weight in Grams: 354. . 2010. Hardcover. . . . . Books ship from the US and Ireland.
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Published by Princeton University Press, US, 2010
ISBN 10: 0691140022 ISBN 13: 9780691140025
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Hardback. Condition: New. Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Summarizing and extending recent advances in Bayesian econometrics, Geweke shows how simple modern simulation methods can complement the creative process of model formulation. These methods, which are accessible to economics PhD students as well as to practicing applied econometricians, streamline the processes of model development and specification checking. Complete with illustrations from a wide variety of applications, this is an important contribution to econometrics that will interest economists and PhD students alike.
Language: English
Published by Princeton University Press, 2010
ISBN 10: 0691140022 ISBN 13: 9780691140025
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Language: English
Published by Princeton University Press, US, 2010
ISBN 10: 0691140022 ISBN 13: 9780691140025
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Hardback. Condition: New. Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Summarizing and extending recent advances in Bayesian econometrics, Geweke shows how simple modern simulation methods can complement the creative process of model formulation. These methods, which are accessible to economics PhD students as well as to practicing applied econometricians, streamline the processes of model development and specification checking. Complete with illustrations from a wide variety of applications, this is an important contribution to econometrics that will interest economists and PhD students alike.