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- Econometrics: Alchemy or Science? Essays in Econometric Methodology - PDF Free Download
- Econometrics: Alchemy or Science?: Essays in Econometric Methodology
Journal of Applied Econometrics Volume 9, Issue 3.
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David F. Hendry
Interacting closely with the computer program PcGets has radically altered my views on model selection, and on how successful it can be despite the extant theoretical analyses which present a somewhat unhopeful picture. As chapter 20 discusses, a new door has been opened on an old subject, revealing a gold mine of opportunities. Moreover, this is matched by its outstanding simulation characteristics.
Yet the field is in its infancy — to quote from the final chapter:. The prospects for empirical econometric modelling are as exciting today as I have ever seen — the best imaginable note on which to conclude this book.
Econometrics: Alchemy or Science? Essays in Econometric Methodology - PDF Free Download
I am greatly indebted to Andrew Schuller of Oxford University Press for his help and encouragement in undertaking this new edition; to Jason Pearce for ensuring smooth production thereof; to Blackwell Publishers for permission to publish a new. An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.
Econometrics: Alchemy or Science?: Essays in Econometric Methodology
Econometrics: Alchemy or Science? No cover image. Read preview. Synopsis Since the first edition of this book was published in , David Hendry's work on econometric methodology has become increasingly influential.
- Econometrics: Alchemy or Science?: Essays in Econometric Methodology;
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In this edition he presents a brand new paper which compellingly explains the logic of his general approach to econometric modelling and describes recent major advances in computer-automated modelling, which establish the success of the proposed strategy. Empirical studies of consumers' expenditure and money demands illustrate the methods in action.
The breakthrough presented here will make econometric testing much easier.