Arnold Zellner – Statistics, Econometrics & Forecasting

Salepage : Arnold Zellner – Statistics, Econometrics & Forecasting
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Description

Based on two Sir Richard Stone lectures at the Bank of England and the National Institute for Economic and Social Research, this book was written. The first portion of the book, which is mostly non-technical, discusses some of the wider themes involved in Stone’s and others’ work in statistics. It delves into the broader philosophical difficulties associated with statistics, econometrics, and forecasting, as well as the paradigm shift back to the Bayesian approach to scientific inference. The first section closes with basic examples from the realms of school administration and golf clubs. The second, more technical section delves into the structural econometric time series analysis (SEMTSA) method to statistical and econometric modeling in depth.

Review

“I thought it was an interesting book. It provides important insights into Arnold Zellner’s approach to ‘excellent’ research, illustrating how productive and innovative research might arise. The numerous anecdotes were also entertaining.” – Markus Leippold, Zurich University

description of the book

This book, written by one of the world’s foremost econometric practitioners and exponents, describes the structural econometric time series analysis (SEMTSA) approach to statistical and econometric modeling, as well as a careful analysis and appreciation of the paradigm shift back to the Bayesian approach to scientific inference.

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