Published by The MIT Press (edition Reprint), 2017
ISBN 10: 0262535505 ISBN 13: 9780262535502
Language: English
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Published by Penguin Random House LLC, 2017
ISBN 10: 0262535505 ISBN 13: 9780262535502
Language: English
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Published by Penguin Random House LLC, 2017
ISBN 10: 0262535505 ISBN 13: 9780262535502
Language: English
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Add to basketTaschenbuch. Condition: Neu. nach der Bestellung gedruckt Neuware - Printed after ordering - Both state-space models and Markov switching models have been highly productive paths for empirical research in macroeconomics and finance. This book presents recent advances in econometric methods that make feasible the estimation of models that have both features. One approach, in the classical framework, approximates the likelihood function; the other, in the Bayesian framework, uses Gibbs-sampling to simulate posterior distributions from data.