Synopsis
This text addresses two interrelated problems in economics non-nested hypothesis testing in econometrics, and regression models with stochastic/random regressors. The primary motivation for this book stems from the nature of econometric models.
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Non-Nested Regression Models (Economic Issues, Problems and Perspectives)
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Non-Nested Regression Models (Economic Issues, Problems and Perspectives)
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Non-Nested Regression Models
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ISBN 10: 1624177700
ISBN 13: 9781624177705
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Non-Nested Regression Models
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ISBN 13: 9781624177705
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Non-Nested Regression Models
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Non-Nested Regression Models
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Non-Nested Regression Models (Paperback)
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Nova Science Publishers Inc, New York, 2013
ISBN 10: 1624177700
ISBN 13: 9781624177705
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Paperback. Condition: new. Paperback. This book addresses two interrelated problems in economics modelling: non-nested hypothesis testing in econometrics, and regression models with stochastic/random regressors. The primary motivation for this book stems from the nature of econometric models. As an abstraction from reality, each statistical model consists of mathematical relationships and stochastic, behavioural assumptions. In practice, the validity of these assumptions and the adequacy of the mathematical specifications is ascertained through a series of diagnostic and specification tests. Conventional test procedures, however, fail to recognise that economic theory generally provides more than one distinct model to explain any given economic phenomenon. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9781624177705
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