Estimation, Inference and Specification Analysis: 22 (Econometric Society Monographs, Series Number 22) - Image 1

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Cambridge University Press Estimation, Inference and Specification Analysis: 22 (Econometric Society Monographs, Series Number 22)

Name: Estimation, Inference and Specification Analysis: 22 (Econometric Society Monographs, Series Number 22)
Brand: Cambridge University Press
Price: 78.79 GBP
Availability: InStock

Econometrics

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Description

This book examines the consequences of misspecifications ranging from the fundamental to the nonexistent for the interpretation of likelihood-based methods of statistical estimation and interference. Professor White first explores the underlying motivation for maximum-likelihood estimation, treats the interpretation of the maximum-likelihood estimator (MLE) for misspecified probability models, and gives the conditions under which parameters of interest can be consistently estimated despite misspecification, and the consequences of misspecification, for hypothesis testing in estimating the asymptotic covariance matrix of the parameters. Although the theory presented in the book is motivated by econometric problems, its applicability is by no means restricted to economics. Subject to defined limitations, the theory applies to any scientific context in which statistical analysis is conducted using approximate models.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 0521252806
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 30 September 1994
Listed Since: 08 January 2007

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Cambridge University Press Estimation, Inference and Specification Analysis: 22 (Econometric Society Monographs, Series Number 22)

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