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The Art and Science of Econometrics (Hardcover)
Loot Price: R4,583
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The Art and Science of Econometrics (Hardcover)
Series: Routledge Studies in Economic Theory, Method and Philosophy
Expected to ship within 12 - 17 working days
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Today econometrics has been widely applied in the empirical study
of economics. As an empirical science, econometrics uses rigorous
mathematical and statistical methods for economic problems.
Understanding the methodologies of both econometrics and statistics
is a crucial departure for econometrics. The primary focus of this
book is to provide an understanding of statistical properties
behind econometric methods. Following the introduction in Chapter
1, Chapter 2 provides the methodological review of both
econometrics and statistics in different periods since the 1930s.
Chapters 3 and 4 explain the underlying theoretical methodologies
for estimated equations in the simple regression and multiple
regression models and discuss the debates about p-values in
particular. This part of the book offers the reader a richer
understanding of the methods of statistics behind the methodology
of econometrics. Chapters 5-9 of the book are focused on the
discussion of regression models using time series data, traditional
causal econometric models, and the latest statistical techniques.
By concentrating on dynamic structural linear models like
state-space models and the Bayesian approach, the book alludes to
the fact that this methodological study is not only a science but
also an art. This work serves as a handy reference book for anyone
interested in econometrics, particularly in relevance to students
and academic and business researchers in all quantitative analysis
fields.
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