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Empirical Modeling in Economics
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Specification and Evaluation
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Artikel-Nr:
9780521662086
Veröffentl:
2004
Einband:
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Erscheinungsdatum:
28.05.2004
Seiten:
112
Autor:
Clive W. J. Granger
Gewicht:
285 g
Format:
222x145x10 mm
Sprache:
Englisch
Beschreibung:
Winner of The Nobel Prize for Economics 2003.
In these three essays, Professor Granger explains the process of constructing and evaluating an empirical model. Drawing on a wide range of cases and vignettes from economics, finance, politics and environment economics, as well as from art, literature, and the entertainment industry, Professor Granger combines rigor with intuition to provide a unique and entertaining insight into one of the most important subjects in modern economics. Chapter 1 deals with Specification. Chapter 2 considers Evaluation, and argues that insufficent evaluation is undertaken by economists, and that models should be evaluated in terms of the quality of their output. In Chapter 3, the question of how to evaluate forecasts is considered at several levels of increasing depth.
Foreword G. Harcourt; 1. The specification of empirical models; 2. The evaluation of empirical models; 3. Comments on the evaluation of econometric models and of forecasts.