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'Econometric Modeling' provides a new and stimulating introduction to econometrics, focusing on modeling. The key issue confronting empirical economics is to establish sustainable relationships that are both supported by data and interpretable from economic theory. The unified likelihood-based approach of this book gives students the required statistical foundations of estimation and inference, and leads to a thorough understanding of econometric techniques. David Hendry and Bent Nielsen introduce modeling for a range of situations, including binary data sets, multiple regression, and cointegrated systems. In each setting, a statistical model is constructed to explain the observed variation in the data, with estimation and inference based on the likelihood function. Substantive issues are always addressed, showing how both statistical and economic assumptions can be tested and empirical results interpreted. Important empirical problems such as structural breaks, forecasting, and model selection are covered, and Monte Carlo simulation is explained and applied. 'Econometric Modeling' is a self-contained introduction for advanced undergraduate or graduate students. Throughout, data illustrate and motivate the approach, and are available for computer-based teaching. Technical issues from probability theory and statistical theory are introduced only as needed. Nevertheless, the approach is rigorous, emphasizing the coherent formulation, estimation, and evaluation of econometric models relevant for empirical research.

Quantitative methods (economics) --- Econometric models --- Econometrics --- Modèles économétriques --- Econométrie --- AA / International- internationaal --- 305.971 --- Speciale gevallen in econometrische modelbouw. --- Econometric models. --- Econometrics. --- 330.015195 --- Economics, Mathematical --- Statistics --- Mathematical models --- econometrie --- forecasting --- regressie-analyse --- tijdreeksanalyse --- Modèles économétriques --- Econométrie --- Speciale gevallen in econometrische modelbouw

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Methodologies for analyzing the forces that move and shape national economies have advanced markedly in the last thirty years, enabling economists as never before to unite theoretical and empirical research and align measurement with theory. In 'Structural Macroeconometrics', David DeJong and Chetan Dave provide the unified overview and in-depth treatment analysts need to apply these latest theoretical models and empirical techniques. The authors' emphasis throughout is on time series econometrics. DeJong and Dave detail methods available for solving dynamic structural models and casting solutions in the form of statistical models with empirical implications that may be analyzed either analytically or numerically. They present the full range of methodologies for characterizing and evaluating these empirical implications, including calibration exercises, method-of-moment procedures, and likelihood-based procedures, both classical and Bayesian. The book is complete with a rich array of implementation algorithms, sample empirical applications, and supporting computer code. 'Structural Macroeconometrics' is tailored specifically to equip readers with a set of practical tools that can be used to expedite their entry into the field. DeJong and Dave's uniquely accessible, how-to approach makes this the ideal textbook for graduate students seeking an introduction to macroeconomics and econometrics and for advanced students pursuing applied research in macroeconomics. The book's historical perspective, along with its broad presentation of alternative methodologies, makes it an indispensable resource for academics and professionals.

Macroeconomics --- Econometric models --- AA / International- internationaal --- 305.0 --- 330.3 --- -Economics, Mathematical --- 339.0151 --- Economics --- Mathematical economics --- Econometrics --- Mathematics --- Toegepaste econometrie en statistiek (algemene naslagwerken). Statistische onderzoekingen en studiën. --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics. --- Methodology --- Macroeconomics. --- Macroéconomie --- Macroéconomie. --- Kwantitatieve methoden. --- Macro-economie. --- Econometric models. --- Modèles économétriques. --- Toegepaste econometrie en statistiek (algemene naslagwerken). Statistische onderzoekingen en studiën --- Methode in staathuishoudkunde. Statische, dynamische economie. Modellen. Experimental economics --- Macroeconomics - Econometric models