Empirical Modeling in Economics

Specification and Evaluation

Clive W. J. Granger (University of California, San Diego), Geoff Harcourt

$164.95

Hardback

Not in-store but you can order this
How long will it take?

Availability Information

We source books from suppliers in Australia and overseas. For books we don't currently have in stock, the time it takes to get them from our suppliers can vary widely - from a few days to a few months - so we check each book with each supplier to determine the expected time it will take to be supplied to us.

We then advise you accordingly. If the time taken to get any book is too long for you, you can let us know and we will cancel or adjust your order, and refund as required.

To find out the anticipated arrival time for specific items prior to ordering, please contact us by phone or email:

Phone +61 2 9264 3111, or 1800 4 BOOKS (1800 4 26657) if outside Sydney:
option 1 Abbey's Bookshop (Crime, History, Science, Kids & more) • info@abbeys.com.au
option 2 Language Book Centre (ESL & Foreign Languages) • language@abbeys.com.au
option 3 Galaxy Bookshop (Sci-fi, Fantasy, Romance, Graphic Novels) • sf@galaxybooks.com.au

QTY:

English

Cambridge University Press
25 October 1999

Economic forecasting

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.

By: Clive W. J. Granger (University of California San Diego)
Foreword by: Geoff Harcourt
Imprint: Cambridge University Press
Country of Publication: United Kingdom
Dimensions: Height: 224mm, Width: 146mm, Spine: 13mm
Weight: 269g
ISBN: 9780521662086
ISBN 10: 0521662087
Pages: 112
Publication Date: 25 October 1999
Audience: Professional and scholarly , College/higher education , Undergraduate , Primary
Format: Hardback
Publisher's Status: Active

Foreword G. Harcourt; 1. The specification of empirical models; 2. The evaluation of empirical models; 3. Comments on the evaluation of econometric models and of forecasts.

Winner of The Nobel Prize for Economics 2003.

Reviews for Empirical Modeling in Economics: Specification and Evaluation

'Wide ranging in scope [these essays] condense a large amount of material into a short book ... they contain a lot of wisdeom and illuminating insights.' The Times Higher Education Supplement ...explains how an empirical economist approaches the task of constructing a model and how economic models and forecasts can be evaluated. Journal of Economic Literature Granger wants to tell the world something about model assessment, a topic that he believes has not gotten the attention it deserves. In doing so, he gives us a short book that is easy to read and accessible to undergraduate students. Many graduate students whould also benefit from reading the book, especially the first two chapters which give a clear account of many problems associated with econometric modeling and testing. Although we all know the message, Granger has done econometrics teachers a service by writing this book. Eastern Economic Journal ...contains a wealth of unconventional ideas. JASA