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 recognize that economic theory generally provides more than one distinct model to explain any given economic phenomenon.
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Format PDF ● Halaman 170 ● ISBN 9781624177811 ● Editor M. Ishaq Bhatti & Mahmood Ahmad Bodla ● Penerbit Nova Science Publishers ● Diterbitkan 2013 ● Diunduh 3 kali ● Mata uang EUR ● ID 7222566 ● Perlindungan salinan Adobe DRM
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