Statistics, Econometrics and Forecasting (The Stone Lectures in Economics) - Softcover

Zellner, Arnold

Softcover

ISBN 10: 0521540445 ISBN 13: 9780521540445

Publisher: Cambridge University Press, 2004

Synopsis

This book is based on two Sir Richard Stone lectures at the Bank of England and the National Institute for Economic and Social Research. Largely non-technical, the first part of the book covers some of the broader issues involved in Stone's and others' work in statistics. It explores the more philosophical issues attached to statistics, econometrics and forecasting and describes the paradigm shift back to the Bayesian approach to scientific inference. The first part concludes with simple examples from the different worlds of educational management and golf clubs. The second, more technical part covers in detail the structural econometric time series analysis (SEMTSA) approach to statistical and econometric modeling.

About this title

Book Description

Written by one of the foremost practitioners and exponents of econometrics in the world, this book describes the structural econometric time series analysis (SEMTSA) approach to statistical and econometric modeling, and provides a careful analysis and appreciation of the paradigm shift back to the Bayesian approach to scientific inference.

About the Author

Arnold Zellner is H. G. B. Alexander Distinguished Service Professor Emeritus of Economics and Statistics at the University of Chicago, and adjunct Professor at the University of California at Berkeley. He is one of the most important figures in the development of econometrics, in particular the use of Bayesian technique. He is co-founder of the Journal of Econometrics, and remains an active researcher in modeling, statistics and forecasting.

Edition details

• Publisher: Cambridge University Press
• Publication date: 2004
• ISBN 10: 0521540445
• ISBN 13: 9780521540445
• Binding: Paperback
• Language: English
• Number of pages: 184