Econometrics : Alchemy or Science? Essays in Econometric Methodology
Editorial Reviews
Book Description
Since the first edition of this book was published in 1993, David Hendry's work on econometric methodology has become increasingly influential. In this edition he presents a brand new paper which compellingly explains the logic of his general approach to econometric modeling and describes
recent major advances in computer-automated modeling, which establish the success of the proposed strategy. Empirical studies of consumers' expenditure and money demands illustrate the methods in action. The breakthrough presented here will make econometric testing much easier.
Book Info
A text on econometric modeling in economics, analyzing the various conflicting methods in use today, reviewing the benefits and drawbacks of each. Uses empirical applications, Monte Carlo simulations, and theoretical and econometric analyses to determine best practice as regards the competing approaches. Softcover.
Econometrics : Alchemy or Science? Essays in Econometric Methodology,David F. Hendry,Oxford University Press, USA,0198293542,Business & Economics,Business / Economics / Finance,Business/Economics,Econometric models,Econometrics,Economics - General,Real Estate - General,Business & Economics / Econometrics,Economic theory & philosophy,Economics | Econometrics
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