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    • Publisher:
      Cambridge University Press
      Publication date:
      September 2009
      February 2004
      ISBN:
      9780511493188
      9780521832878
      9780521540445
      Dimensions:
      (216 x 138 mm)
      Weight & Pages:
      0.38kg, 184 Pages
      Dimensions:
      (216 x 138 mm)
      Weight & Pages:
      0.264kg, 184 Pages
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    Book description

    Based on two lectures presented as part of The Stone Lectures in Economics series, Arnold Zellner describes the structural econometric time series analysis (SEMTSA) approach to statistical and econometric modeling. Developed by Zellner and Franz Palm, the SEMTSA approach produces an understanding of the relationship of univariate and multivariate time series forecasting models and dynamic, time series structural econometric models. As scientists and decision-makers in industry and government world-wide adopt the Bayesian approach to scientific inference, decision-making and forecasting, Zellner offers an in-depth analysis and appreciation of this important paradigm shift. Finally Zellner discusses the alternative approaches to model building and looks at how the use and development of the SEMTSA approach has led to the production of a Marshallian Macroeconomic Model that will prove valuable to many. Written by one of the foremost practitioners of econometrics, this book will have wide academic and professional appeal.

    Reviews

    "I found it a stimulating book. It offers valuable insights on Arnold Zellner's approach to 'good' research, demonstrating how productive and novative research may emerge. Also entertaining were the various anecdotes." - Markus Leippold, University of Ziurich

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    Contents

    References
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