Empirical Modeling in Economics: Specification and Evaluation

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.

Author: Clive W. J. Granger
Publisher: Cambridge University Press
Published: 11/13/1999
Pages: 112
Binding Type: Paperback
Weight: 0.36lbs
Size: 8.44h x 5.39w x 0.23d
ISBN: 9780521778251

About the Author
Granger, Clive W. J.: - Winner of The Nobel Prize for Economics 2003.

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