Specifying and Diagnostically Testing Econometric Models, 2nd Edition by Houston

Description: Specifying and Diagnostically Testing Econometric Models, 2nd Edition by Houston H. Stokes Estimated delivery 3-12 business days Format Hardcover Condition Brand New Description This work illustrates the use of model specification and diagnostic tests applied to a variety of econometric modeling techniques. Publisher Description Stokes discusses—and illustrates with output from actual problems—a number of applied econometric techniques, including OLS specification tests, recursive residual analysis, limited dependent variable models, error component models, and others. His book is clearly written and copiously illustrated with equations, with follow-up analysis to show how models are built and some of their limitations. His B34S^DTM software is available and allows readers to do further research with a large number of datasets distributed with the program. A necessary resource for applied econometrics researchers in economics, finance, and in health, energy, and labor economics.This work illustrates the use of model specification and diagnostic tests applied to a variety of econometric modeling techniques. For each technique discussed the basic mathematical models are outlined. A sample problem is discussed and estimated using the B34S^DTM Data Analysis System. The output of the program is displayed in the text and discussed. Where appropriate, output from the RATS^DTM software is displayed. Follow-up models are estimated and discussed. The examples selected are taken from a variety of sources and reflect actual applied research. Complete data are given in the text to enable the reader to use these problems with other programs and techniques. It is the authors experience that applied econometric techniques are best learned by running actual problems. Since most users experiment with a limited number of techniques, their experience is limited. This book discusses a broad range of techniques and shows how they are interrelated.^L ^L The techniques discussed include the following: simple, one-equation OLS and GLS models with continuous variables on the left-hand side, which are tested with recursive residual and BLUS residual techniques. Another class of models includes restrictions on the left-hand side variables. Models studied and illustrated with data include probit, logit, multinomial logit, and ordered probit models. Other techniques discussed and illustrated include two-stage least squares, limited information maximum likelihood, three-stage least squares, iterative three-stage least squares, error component models and Markov probability models, which are illustrated with a model of OPEC production dynamics.ARIMA and transfer function models are shown to be generalizations of the single-equation model, while VAR and VARMA models are shown to be a time series generalization of three-stage least squares and full information maximum likelihood models. VAR models are viewed in the frequency domain for added insight, and extensive nonlinearity tests are developed and applied. More specialized techniques include state space models, optimal control analysis, nonlinear analysis, and the QR approach to computation. An important feature of the book is the emphasis on nonlinear model building. The Hinich nonlinear testing approach is discussed and integrated into the OLS, times series, and nonlinear estimation procedures. The MARS and PISPLINE methods of analysis are illustrated with models that failed linearity tests when estimated with linear methods. The purpose of the monograph is to illustrate the above techniques, using actual research data. To facilitate the calculations, the B34S^DTM Data Analysis System was developed. Sample output for all procedures discussed in the text has been provided so that the availability of the B34S^DTM program is ^Inot^R required in order to benefit from this book. While the book is self-contained, interested readers can obtain the B34S^DTM Data Analysis program and do further research with the datasets discussed in the book which are supplied with the software. Author Biography HOUSTON H. STOKES is Professor of Economics at the University of Illinois at Chicago. He has written more than 70 articles and three books in the areas of applied econometrics, time series, monetary economics, economic history, and software design. His research has been in the development and application of diagnostic procedures for the specification of econometric models. Toward that end he developed the B34STM Data Analysis program, used in economics, business forecasting, health economics, labor economics, political science, and in other fields. Details ISBN 1567200699 ISBN-13 9781567200690 Title Specifying and Diagnostically Testing Econometric Models, 2nd Edition Author Houston H. Stokes Format Hardcover Year 1997 Pages 464 Edition 2nd Publisher Bloomsbury Publishing Plc GE_Item_ID:11113489; About Us Grand Eagle Retail is the ideal place for all your shopping needs! With fast shipping, low prices, friendly service and over 1,000,000 in stock items - you're bound to find what you want, at a price you'll love! Shipping & Delivery Times Shipping is FREE to any address in USA. Please view eBay estimated delivery times at the top of the listing. Deliveries are made by either USPS or Courier. We are unable to deliver faster than stated. International deliveries will take 1-6 weeks. NOTE: We are unable to offer combined shipping for multiple items purchased. This is because our items are shipped from different locations. Returns If you wish to return an item, please consult our Returns Policy as below: Please contact Customer Services and request "Return Authorisation" before you send your item back to us. Unauthorised returns will not be accepted. Returns must be postmarked within 4 business days of authorisation and must be in resellable condition. Returns are shipped at the customer's risk. We cannot take responsibility for items which are lost or damaged in transit. For purchases where a shipping charge was paid, there will be no refund of the original shipping charge. Additional Questions If you have any questions please feel free to Contact Us. Categories Baby Books Electronics Fashion Games Health & Beauty Home, Garden & Pets Movies Music Sports & Outdoors Toys

Price: 140.01 USD

Location: Fairfield, Ohio

End Time: 2024-09-24T03:18:39.000Z

Shipping Cost: 0 USD