Non-Nested Regression Models

This book addresses two interrelated problems in economics modelling: non-nested hypothesis testing in econometrics, and regression models with stochastic/random regressors. The primary motivation for this book stems from the nature of econometric models. As an abstraction from reality, each statistical model consists of mathematical relationships and stochastic, behavioural assumptions. In practice, the validity of these assumptions and the adequacy of the mathematical specifications is ascertained through a series of diagnostic and specification tests. Conventional test procedures, however, fail to recognise that economic theory generally provides more than one distinct model to explain any given economic phenomenon.

שנה

2013

שפה

English

סדרה

Economic Issues, Problems and Perspectives

הוצאה

Nova Science Publishers Inc

מהדורות

1

עמודים

160

ISBN

9781624177705

מקור הנתונים: Wikidata