Nonlinear Dynamics, Chaos and Econometrics

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9780471939429: Nonlinear Dynamics, Chaos and Econometrics
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The empirical modeling of economic time series is dominated by methods that assume linearity of the underlying dynamic economic system. The reason for the adoption of linearity is its analytical and computational simplicity. But dynamic economic systems can be far from linear and the challenge facing applied econometrics in constructing reliable statistical techniques and models for handling dynamic nonlinearities is immense. This book examines and assesses the latest techniques in nonlinear dynamics.

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M. Hashem Pesaran (Editor), Simon M. Potter (Editor)
Published by John Wiley & Sons (1993)
ISBN 10: 0471939420 ISBN 13: 9780471939429
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Book Description John Wiley & Sons, 1993. Paperback. Condition: New. 1. Seller Inventory # DADAX0471939420

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