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Maximum Entropy Econometrics - 9780471953111

Description: Maximum Entropy EconometricsRobust Estimation with Limited Data Author(s): Amos Golan, George G. Judge, Douglas Miller Format: Hardback Publisher: John Wiley & Sons Inc, United States Imprint: John Wiley & Sons Inc ISBN-13: 9780471953111, 978-0471953111 Synopsis In the theory and practice of econometrics the model, the methodand the data are all interdependent links in informationrecovery-estimation and inference. Seldom, however, are theeconomic and statistical models correctly specified, the datacomplete or capable of being replicated, the estimation rulesoptimal and the inferences free of distortion. Faced with theseproblems, Maximum Entropy Economeirics provides a new basis forlearning from economic and statistical models that may benon-regular in the sense that they are ill-posed or underdeterminedand the data are partial or incomplete. By extending the maximumentropy formalisms used in the physical sciences, the authorspresent a new set of generalized entropy techniques designed torecover information about economic systems. The authors compare thegeneralized entropy techniques with the performance of the relevanttraditional methods of information recovery and clearly demonstratetheories with applications including * Pure inverse problems that include first order Markov processes,and input-output, multisectoral or SAM models to * Inverse problems with noise that include statistical modelssubject to ill-conditioning, non-normal errors, heteroskedasticity,autocorrelation, censored, multinomial and simultaneous responsedata, as well as model selection and non-stationary and dynamiccontrol problems Maximum Entropy Econometrics will be of interest to econometricianstrying to devise procedures for recovering information from partialor incomplete data, as well as quantitative economists in financeand business, statisticians, and students and applied researchersin econometrics, engineering and the physical sciences.

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Maximum Entropy Econometrics - 9780471953111

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Book Title: Maximum Entropy Econometrics

Number of Pages: 324 Pages

Publication Name: Maximum Entropy Econometrics: Robust Estimation with Limited Data

Language: English

Publisher: John Wiley & Sons INC International Concepts

Item Height: 239 mm

Subject: Economics

Publication Year: 1996

Type: Textbook

Item Weight: 576 g

Author: George G. Judge, Douglas Miller, Amos Golan

Item Width: 166 mm

Series: Financial Economics and Quantitative Analysis Series

Format: Hardcover

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