Arnold Zellner – Statistics, Econometrics & Forecasting
This ebook relies on two Sir Richard Stone lectures on the Bank of England and the National Institute for Economic and Social Research. Largely non-technical, the primary a part of the ebook covers among the broader points concerned in Stone’s and others’ work in statistics. It explores the extra philosophical points connected to statistics, econometrics and forecasting and describes the paradigm shift again to the Bayesian method to scientific inference. The first half concludes with easy examples from the completely different worlds of instructional administration and golf golf equipment. The second, extra technical half covers intimately the structural econometric time collection evaluation (SEMTSA) method to statistical and econometric modeling.
“I found it a stimulating book. It offers valuable insights on Arnold Zellner’s approach to ‘good’ research, demonstrating how productive and novative research may emerge. Also entertaining were the various anecdotes.” – Markus Leippold, University of Ziurich
Written by one of many foremost practitioners and exponents of econometrics on the earth, this ebook describes the structural econometric time collection evaluation (SEMTSA) method to statistical and econometric modeling, and gives a cautious evaluation and appreciation of the paradigm shift again to the Bayesian method to scientific inference.