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Empirical Modeling in Economics: Specification and Evaluation - Hardcover

 
9780521662086: Empirical Modeling in Economics: Specification and Evaluation

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In these three essays, Professor Granger explains the process of constructing and evaluating an empirical model. Drawing on a wide range of cases and vignettes from economics, finance, politics and environment economics, as well as from art, literature, and the entertainment industry, Professor Granger combines rigor with intuition to provide a unique and entertaining insight into one of the most important subjects in modern economics. Chapter 1 deals with Specification. Chapter 2 considers Evaluation, and argues that insufficent evaluation is undertaken by economists, and that models should be evaluated in terms of the quality of their output. In Chapter 3, the question of how to evaluate forecasts is considered at several levels of increasing depth.

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Winner of The Nobel Prize for Economics 2003.

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9780521778251: Empirical Modeling in Economics: Specification and Evaluation

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Granger, Clive W. J.
Published by Cambridge University Press, 1999
ISBN 10: 0521662087 ISBN 13: 9780521662086
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GRANGER, Clive W. J.:
ISBN 10: 0521662087 ISBN 13: 9780521662086
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First Edition. xii, 99 pp. Original cloth. Near Fine, without dust jacket. "In these three essays, Professor Granger explains the process of constructing and evaluating an empirical model. Drawing on a wide range of cases and vignettes from economics, finance, politics and environment economics, as well as from art, literature, and the entertainment industry, Professor Granger combines rigor with intuition to provide a unique and entertaining insight into one of the most important subjects in modern economics. Chapter 1 deals with Specification. Chapter 2 considers Evaluation, and argues that insufficent evaluation is undertaken by economists, and that models should be evaluated in terms of the quality of their output. In Chapter 3, the question of how to evaluate forecasts is considered at several levels of increasing depth" (Cambridge University Press Web site). Clive W. J. Granger: Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel, 2003, "for methods of analyzing economic time series with time-varying volatility (ARCH)" "for methods of analyzing economic time series with common trends (cointegration)". Seller Inventory # 12065

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Granger, Clive W. J.:
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Hardcover. Condition: new. Hardcover. In these three essays, Professor Granger explains the process of constructing and evaluating an empirical model. Drawing on a wide range of cases and vignettes from economics, finance, politics and environment economics, as well as from art, literature, and the entertainment industry, Professor Granger combines rigor with intuition to provide a unique and entertaining insight into one of the most important subjects in modern economics. Chapter 1 deals with Specification. Chapter 2 considers Evaluation, and argues that insufficent evaluation is undertaken by economists, and that models should be evaluated in terms of the quality of their output. In Chapter 3, the question of how to evaluate forecasts is considered at several levels of increasing depth. An account of the process of constructing and evaluating an empirical model. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780521662086

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