The analysis prediction and interpolation of economic and other time series has a long history and many applications. Major new developments are taking place, driven partly by the need to analyze financial data. The five papers in this book describe those new developments from various viewpoints and are intended to be an introduction accessible to readers from a range of backgrounds. The book arises out of the second Seminaire European de Statistique (SEMSTAT) held in Oxford in December 1994. This brought together young statisticians from across Europe, and a series of introductory lectures were given on topics at the forefront of current research activity. The lectures form the basis for the five papers contained in the book. The papers by Shephard and Johansen deal respectively with time series models for volatility, i.e. variance heterogeneity, and with cointegration. Clements and Hendry analyze the nature of prediction errors. A complementary review paper by Laird gives a biometrical view of the analysis of short time series. Finally Astrup and Nielsen give a mathematical introduction to the study of option pricing. Whilst the book draws its primary motivation from financial series and from multivariate econometric modelling, the applications are potentially much broader.

This is the very first book to offer seven substantial econometric models of the Chinese economy with the statistical data used, so that the reader will be able to reproduce them all and test them for any policy alternatives. The book presents up-to-date models produced both inside and outside China, so that readers can understand most of the advanced studies of the Chinese economy by Chinese experts at the present time. This is an invaluable reference for graduate students and scholars working on Chinese economic problems.

First published in 1995. In the current, increasingly global economy, investors require quick access to a wide range of financial and investment-related statistics to assist them in better understanding the macroeconomic environment in which their investments will operate. The International Financial Statistics Locator eliminates the need to search though a number of sources to identify those that contain much of this statistical information. It is intended for use by librarians, students, individual investors, and the business community and provides access to twenty-two resources, print and electronic, that contain current and historical financial and economic statistics investors need to appreciate and profit from evolving and established international markets.

This book presents a critical review of the empirical literature that studies the efficiency of the forward and futures markets for foreign exchange. It provides a useful foundation for research in developing quantitative measures of risk and expected return in international finance.

It has been held that when economic policy makers use economic models, there is a one way flow of information from the models to policy analysis. This text challenges this assumption, recognizing that in practice the requirements and questions of policy makers play an important role in the development and revision of those very models. Written by highly-placed practitioners and academic economists, it provides a picture of how modellers and policy makers interact with depth, insight and conviction. It offers international case studies of particular interactions between models and policy making, exploring questions such as: how does interaction work? What roles do different professional groups play in interaction? What strategies make the use of models in policy preparation successful? What insights can sociologists and historians give on the interaction between models and policy makers?

This collection, written by highly-placed practitioners and academic economists, provides a picture of how economic modellers and policy makers interact. The book provides international case studies of particular interactions between models and policy making, and argues that the flow of information is two-way.

eBook available with sample pages: 0203130499

Have configurations of labour-management practices become embedded in the British economy? Did the dramatic decline in trade union representation in the 1980s continue throughout the 1990s, leaving more employees without a voice? Were the vestiges of union organization at the workplace a hollow shell? These and other contemporary issues of employee relations are addressed in this report. The book reports the results from the series of workplace surveys conducted by the Department of Trade and Industry, the Economic and Social Research Council, The Advisory Conciliation and Arbitration Service, and the Policy Studies Institute. Its focus is on change, captured by gathering together the enormous bank of data from all four of the large-scale and highly respected surveys, and plotting trends from 1980 to 1999. In addition, a special panel of workplaces, surveyed in both 1990 and 1998, reveals the complex processes of change.;Comprehensive in scope, the results are statistically reliable and reveal the nature and extent of change in all bar the smallest British workplaces.

Have configurations of labour-management practices become embedded in the British economy? Did the dramatic decline in trade union representation in the 1980s continue throughout the 1990s, leaving more employees without a voice? Were the vestiges of union organization at the workplace a hollow shell? These and other contemporary issues of employee relations are addressed in this report. The book reports the results from the series of workplace surveys conducted by the Department of Trade and Industry, the Economic and Social Research Council, The Advisory Conciliation and Arbitration Service, and the Policy Studies Institute. Its focus is on change, captured by gathering together the enormous bank of data from all four of the large-scale and highly respected surveys, and plotting trends from 1980 to 1999. In addition, a special panel of workplaces, surveyed in both 1990 and 1998, reveals the complex processes of change.;Comprehensive in scope, the results are statistically reliable and reveal the nature and extent of change in all bar the smallest British workplaces.

Business Statistics of the United States is a comprehensive and practical collection of data from as early as 1913 that reflects the nation's economic performance. It provides several years of annual, quarterly, and monthly data in industrial and demographic detail including key indicators such as: gross domestic product, personal income, spending, saving, employment, unemployment, the capital stock, and more. Business Statistics of the United States is the best place to find historical perspectives on the U.S. economy. Of equal importance to the data are the introductory highlights, extensive notes, and figures for each chapter that help users to understand the data, use them appropriately, and, if desired, seek additional information from the source agencies. Business Statistics of the United States provides a rich and deep picture of the American economy and contains approximately 3,500 time series in all. The data are predominately from federal government sources including: Board of Governors of the Federal Reserve System Bureau of Economic Analysis Bureau of Labor Statistics Census Bureau Employment and Training Administration Energy Information Administration Federal Housing Finance Agency U.S. Department of the Treasury

First Published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

News Professor Cheng-Few Lee ranks #1 based on his publications in the 26 core finance journals, and #163 based on publications in the 7 leading finance journals (Source: Most Prolific Authors in the Finance Literature: 1959-2008 by Jean L Heck and Philip L Cooley (Saint Joseph's University and Trinity University).This is an extensively revised edition of a popular statistics textbook for business and economics students. The first edition has been adopted by universities and colleges worldwide, including New York University, Carnegie Mellon University and UCLA.Designed for upper-level undergraduates, MBA and other graduate students, this book closely integrates various statistical techniques with concepts from business, economics and finance and clearly demonstrates the power of statistical methods in the real world of business. While maintaining the essence of the first edition, the new edition places more emphasis on finance, economics and accounting concepts with updated sample data. Students will find this book very accessible with its straightforward language, ample cases, examples, illustrations and real-life applications. The book is also useful for financial analysts and portfolio managers.

The need for analytics skills is a source of the burgeoning growth in the number of analytics and decision science programs in higher education developed to feed the need for capable employees in this area. The very size and continuing growth of this need means that there is still space for new program development. Schools wishing to pursue business analytics programs intentionally assess the maturity level of their programs and take steps to close the gap. Teaching Data Analytics: Pedagogy and Program Design is a reference for faculty and administrators seeking direction about adding or enhancing analytics offerings at their institutions. It provides guidance by examining best practices from the perspectives of faculty and practitioners. By emphasizing the connection of data analytics to organizational success, it reviews the position of analytics and decision science programs in higher education, and to review the critical connection between this area of study and career opportunities. The book features: A variety of perspectives ranging from the scholarly theoretical to the practitioner applied An in-depth look into a wide breadth of skills from closely technology-focused to robustly soft human connection skills Resources for existing faculty to acquire and maintain additional analytics-relevant skills that can enrich their current course offerings. Acknowledging the dichotomy between data analytics and data science, this book emphasizes data analytics rather than data science, although the book does touch upon the data science realm. Starting with industry perspectives, the book covers the applied world of data analytics, covering necessary skills and applications, as well as developing compelling visualizations. It then dives into pedagogical and program design approaches in data analytics education and concludes with ideas for program design tactics. This reference is a launching point for discussions about how to connect industry's need for skilled data analysts to higher education's need to design a rigorous curriculum that promotes student critical thinking, communication, and ethical skills. It also provides insight into adding new elements to existing data analytics courses and for taking the next step in adding data analytics offerings, whether it be incorporating additional analytics assignments into existing courses, offering one course designed for undergraduates, or an integrated program designed for graduate students.

Originally published in 1984. This book addresses the economics of the changing mineral industry, which is highly affected by energy economics. The study estimates, in quantitative terms, the short- to mid-term consequences of rising energy prices alongside falling ore quality for the copper and aluminum industries. The effects of changing cost factors on substitution between metals is assessed as is the potential for relying on increased recycling. Copper and aluminum industry problems should be representative of those faced by the mineral processing sector as a whole. Two complex econometric models presented here produce forecasts for the industries and the book discusses and reviews other econometric commodity models.

Originally published in 1970; with a second edition in 1989. Empirical Bayes methods use some of the apparatus of the pure Bayes approach, but an actual prior distribution is assumed to generate the data sequence. It can be estimated thus producing empirical Bayes estimates or decision rules. In this second edition, details are provided of the derivation and the performance of empirical Bayes rules for a variety of special models. Attention is given to the problem of assessing the goodness of an empirical Bayes estimator for a given set of prior data. Chapters also focus on alternatives to the empirical Bayes approach and actual applications of empirical Bayes methods.

Originally published in 1929. This balanced combination of fieldwork, statistical measurement, and realistic applications shows a synthesis of economics and political science in a conception of an organic relationship between the two sciences that involves functional analysis, institutional interpretation, and a more workmanlike approach to questions of organization such as division of labour and the control of industry. The treatise applies the test of fact through statistical analysis to economic and political theories for the quantitative and institutional approach in solving social and industrial problems. It constructs a framework of concepts, combining both economic and political theory, to systematically produce an original statement in general terms of the principles and methods for statistical fieldwork. The separation into Parts allows selective reading for the methods of statistical measurement; the principles and fallacies of applying these measures to economic and political fields; and the resultant construction of a statistical economics and politics. Basic statistical concepts are described for application, with each method of statistical measurement illustrated with instances relevant to the economic and political theory discussed and a statistical glossary is included.

Originally published in 1976 and with second edition published in 1984. This book established itself as the first genuinely introductory text on econometric methods, assuming no formal background on the part of the reader. The second edition maintains this distinctive feature. Fundamental concepts are carefully explained and, where possible, techniques are developed by verbal reasoning rather than formal proof. It provides all the material for a basic course. and is also ideal for a student working alone. Very little knowledge of maths and statistics is assumed, and the logic of statistical method is carefully stated. There are numerous exercises, designed to help the student assess individual progress. Methods are described with computer solutions in mind and the author shows how a variety of different calculations can be performed with relatively simple programs. This new edition also includes much new material - statistical tables are now included and their use carefully explained.

Originally published in 1979. An Input/output database is an information system carrying current data on the intermediate consumption of any product or service by all the specified major firms that consume it. This book begins with a survey of how the interrelationships of an economic system can be represented in a two-dimensional model which traces the output of each economic sector to all other sectors. It talks about how the use of such databases to identify major buyers and sellers can illuminate problems of economic policy at the national, regional, and corporate level and aid in analyzing factors affecting the control of inflation, energy use, transportation, and environmental pollution. The book discusses how advances in database technology, have brought to the fore such issues as the right to individual privacy, corporate secrecy, the public's right of access to stored data, and the use of such information for national planning in a free-enterprise society.

Originally published in 1991. The dilemma of solid and hazardous waste disposal in an environmentally safe manner has become a global problem. This book presents a modern approach to economic and operations research modelling in urban and regional waste management with an international perspective. Location and space economics are discussed along with transportation, technology, health hazards, capacity levels, political realities and the linkage with general global economic systems. The algorithms and models developed are then applied to two major cities in the world by way of case study example of the use of these systems.

Originally published in 1989. ECESIS consists of 51 regional econometric models (one for each state and the District of Columbia) and a multiregional demographic model. Its distinguishing feature is the linking of sophisticated demographic accounts with sophisticated structural econometric models. This book, looking at how strong the interactions are between population dynamics and economic activity, determines to what extent the simultaneous economic-demographic interregional model provides improved projection and simulation properties over regional economic and demographic models used independently of one another.

Originally published in 1979. This study focuses primarily on the development of a structural model for the U. S. Government securities market, ie. the specification and estimation of the demands for disaggregated maturity classes of U.S. Government securities by the individual investor groups participating in the market. A particularly important issue addressed involves the extent of the substitution relationship among different maturity classes of U.S. Government securities.

Originally published in 1984. This book brings together a reasonably complete set of results regarding the use of Constraint Item estimation procedures under the assumption of accurate specification. The analysis covers the case of all explanatory variables being non-stochastic as well as the case of identified simultaneous equations, with error terms known and unknown. Particular emphasis is given to the derivation of criteria for choosing the Constraint Item. Part 1 looks at the best CI estimators and Part 2 examines equation by equation estimation, considering forecasting accuracy.

Originally published in 1984. Since the logic underlying economic theory can only be grasped fully by a thorough understanding of the mathematics, this book will be invaluable to economists wishing to understand vast areas of important research. It provides a basic introduction to the fundamental mathematical ideas of topology and calculus, and uses these to present modern singularity theory and recent results on the generic existence of isolated price equilibria in exchange economies.

Originally published in 1960 and 1966. This is an elementary introduction to the sources of economic statistics and their uses in answering economic questions. No mathematical knowledge is assumed, and no mathematical symbols are used. The book shows - by asking and answering a number of typical questions of applied economics - what the most useful statistics are, where they are found, and how they are to be interpreted and presented. The reader is introduced to the major British, European and American official sources, to the social accounts, to index numbers and averaging, and to elementary aids to inspection such as moving averages and scatter diagrams.

This book contains the most complete set of the Chinese national income and its components based on system of national accounts. It points out some fundamental issues concerning the estimation of China's national income and it is intended to the students of the field of China study around the world.

This book brings together cutting edge contributions in the fields of international economics, micro theory, welfare economics and econometrics, with contributions from Donald R. Davis, Avinash K. Dixit, Tadashi Inoue, Ronald W. Jones, Dale W. Jorgenson, K. Rao Kadiyala, Murray C. Kemp, Kenneth M. Kletzer, Anne O. Krueger, Mukul Majumdar, Daniel McFadden, Lionel McKenzie, James R. Melvin, James C. Moore, Takashi Negishi, Yoshihiko Otani, Raymond Riezman, Paul A. Samuelson, Joaquim Silvestre and Marie Thursby.