Modeling Dependence in Econometrics

This book PDF is perfect for those who love Technology & Engineering genre, written by Van-Nam Huynh and published by Springer Science & Business Media which was released on 18 November 2013 with total hardcover pages 575. You could read this book directly on your devices with pdf, epub and kindle format, check detail and related Modeling Dependence in Econometrics books below.

Modeling Dependence in Econometrics
Author : Van-Nam Huynh
File Size : 44,7 Mb
Publisher : Springer Science & Business Media
Language : English
Release Date : 18 November 2013
ISBN : 9783319033952
Pages : 575 pages
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Modeling Dependence in Econometrics by Van-Nam Huynh Book PDF Summary

In economics, many quantities are related to each other. Such economic relations are often much more complex than relations in science and engineering, where some quantities are independence and the relation between others can be well approximated by linear functions. As a result of this complexity, when we apply traditional statistical techniques - developed for science and engineering - to process economic data, the inadequate treatment of dependence leads to misleading models and erroneous predictions. Some economists even blamed such inadequate treatment of dependence for the 2008 financial crisis. To make economic models more adequate, we need more accurate techniques for describing dependence. Such techniques are currently being developed. This book contains description of state-of-the-art techniques for modeling dependence and economic applications of these techniques. Most of these research developments are centered around the notion of a copula - a general way of describing dependence in probability theory and statistics. To be even more adequate, many papers go beyond traditional copula techniques and take into account, e.g., the dynamical (changing) character of the dependence in economics.

Modeling Dependence in Econometrics

In economics, many quantities are related to each other. Such economic relations are often much more complex than relations in science and engineering, where some quantities are independence and the relation between others can be well approximated by linear functions. As a result of this complexity, when we apply traditional

Get Book
Modeling Dependence in Econometrics

Download or read online Modeling Dependence in Econometrics written by Van-Nam Huynh,Vladik Kreinovich,Songsak Sriboonchitta, published by Unknown which was released on 2013-11-30. Get Modeling Dependence in Econometrics Books now! Available in PDF, ePub and Kindle.

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