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Empirical Modeling in Economics : Specification and Evaluation - Clive W. J. Granger

Empirical Modeling in Economics

Specification and Evaluation

By: Clive W. J. Granger, Geoff Harcourt (Foreword by)

Hardcover Published: 28th August 1999
ISBN: 9780521662086
Number Of Pages: 112

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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.

Industry Reviews

'Wide ranging in scope [these essays] condense a large amount of material into a short book ... they contain a lot of wisdeom and illuminating insights.' The Times Higher Education Supplement

The specification of empirical models
The evaluation of empirical models
Comments on the evaluation of econometric models and of forecasts
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521662086
ISBN-10: 0521662087
Audience: Tertiary; University or College
Format: Hardcover
Language: English
Number Of Pages: 112
Published: 28th August 1999
Country of Publication: GB
Dimensions (cm): 21.59 x 13.97  x 1.12
Weight (kg): 0.29

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