Model Choice in Nonnested Families

Model Choice in Nonnested Families
Author: Basilio de Bragança Pereira
Publisher: Springer
Total Pages: 105
Release: 2016-12-30
Genre: Mathematics
ISBN: 3662537362

This book discusses the problem of model choice when the statistical models are separate, also called nonnested. Chapter 1 provides an introduction, motivating examples and a general overview of the problem. Chapter 2 presents the classical or frequentist approach to the problem as well as several alternative procedures and their properties. Chapter 3 explores the Bayesian approach, the limitations of the classical Bayes factors and the proposed alternative Bayes factors to overcome these limitations. It also discusses a significance Bayesian procedure. Lastly, Chapter 4 examines the pure likelihood approach. Various real-data examples and computer simulations are provided throughout the text.

Econometric Foundations Pack with CD-ROM

Econometric Foundations Pack with CD-ROM
Author: Ron Mittelhammer (Prof.)
Publisher: Cambridge University Press
Total Pages: 794
Release: 2000-07-28
Genre: Business & Economics
ISBN: 9780521623940

The text and accompanying CD-ROM develop step by step a modern approach to econometric problems. They are aimed at talented upper-level undergraduates, graduate students, and professionals wishing to acquaint themselves with the pinciples and procedures for information processing and recovery from samples of economic data. The text fully provides an operational understanding of a rich set of estimation and inference tools, including tradional likelihood based and non-traditional non-likelihood based procedures, that can be used in conjuction with the computer to address economic problems.

A Companion to Theoretical Econometrics

A Companion to Theoretical Econometrics
Author: Badi H. Baltagi
Publisher: John Wiley & Sons
Total Pages: 736
Release: 2008-04-15
Genre: Business & Economics
ISBN: 047099830X

A Companion to Theoretical Econometrics provides a comprehensive reference to the basics of econometrics. This companion focuses on the foundations of the field and at the same time integrates popular topics often encountered by practitioners. The chapters are written by international experts and provide up-to-date research in areas not usually covered by standard econometric texts. Focuses on the foundations of econometrics. Integrates real-world topics encountered by professionals and practitioners. Draws on up-to-date research in areas not covered by standard econometrics texts. Organized to provide clear, accessible information and point to further readings.

Handbook of Bayesian, Fiducial, and Frequentist Inference

Handbook of Bayesian, Fiducial, and Frequentist Inference
Author: James Berger
Publisher: CRC Press
Total Pages: 564
Release: 2024-02-26
Genre: Mathematics
ISBN: 1003837697

The emergence of data science, in recent decades, has magnified the need for efficient methodology for analyzing data and highlighted the importance of statistical inference. Despite the tremendous progress that has been made, statistical science is still a young discipline and continues to have several different and competing paths in its approaches and its foundations. While the emergence of competing approaches is a natural progression of any scientific discipline, differences in the foundations of statistical inference can sometimes lead to different interpretations and conclusions from the same dataset. The increased interest in the foundations of statistical inference has led to many publications, and recent vibrant research activities in statistics, applied mathematics, philosophy and other fields of science reflect the importance of this development. The BFF approaches not only bridge foundations and scientific learning, but also facilitate objective and replicable scientific research, and provide scalable computing methodologies for the analysis of big data. Most of the published work typically focusses on a single topic or theme, and the body of work is scattered in different journals. This handbook provides a comprehensive introduction and broad overview of the key developments in the BFF schools of inference. It is intended for researchers and students who wish for an overview of foundations of inference from the BFF perspective and provides a general reference for BFF inference. Key Features: Provides a comprehensive introduction to the key developments in the BFF schools of inference Gives an overview of modern inferential methods, allowing scientists in other fields to expand their knowledge Is accessible for readers with different perspectives and backgrounds

Modeling Ordered Choices

Modeling Ordered Choices
Author: William H. Greene
Publisher: Cambridge University Press
Total Pages: 383
Release: 2010-04-08
Genre: Business & Economics
ISBN: 1139485954

It is increasingly common for analysts to seek out the opinions of individuals and organizations using attitudinal scales such as degree of satisfaction or importance attached to an issue. Examples include levels of obesity, seriousness of a health condition, attitudes towards service levels, opinions on products, voting intentions, and the degree of clarity of contracts. Ordered choice models provide a relevant methodology for capturing the sources of influence that explain the choice made amongst a set of ordered alternatives. The methods have evolved to a level of sophistication that can allow for heterogeneity in the threshold parameters, in the explanatory variables (through random parameters), and in the decomposition of the residual variance. This book brings together contributions in ordered choice modeling from a number of disciplines, synthesizing developments over the last fifty years, and suggests useful extensions to account for the wide range of sources of influence on choice.

Time Series and Panel Data Econometrics

Time Series and Panel Data Econometrics
Author: M. Hashem Pesaran
Publisher: Oxford University Press
Total Pages: 1095
Release: 2015
Genre: Business & Economics
ISBN: 0198736916

This book is concerned with recent developments in time series and panel data techniques for the analysis of macroeconomic and financial data. It provides a rigorous, nevertheless user-friendly, account of the time series techniques dealing with univariate and multivariate time series models, as well as panel data models. It is distinct from other time series texts in the sense that it also covers panel data models and attempts at a more coherent integration of time series, multivariate analysis, and panel data models. It builds on the author's extensive research in the areas of time series and panel data analysis and covers a wide variety of topics in one volume. Different parts of the book can be used as teaching material for a variety of courses in econometrics. It can also be used as reference manual. It begins with an overview of basic econometric and statistical techniques, and provides an account of stochastic processes, univariate and multivariate time series, tests for unit roots, cointegration, impulse response analysis, autoregressive conditional heteroskedasticity models, simultaneous equation models, vector autoregressions, causality, forecasting, multivariate volatility models, panel data models, aggregation and global vector autoregressive models (GVAR). The techniques are illustrated using Microfit 5 (Pesaran and Pesaran, 2009, OUP) with applications to real output, inflation, interest rates, exchange rates, and stock prices.

Econometric Model Selection

Econometric Model Selection
Author: Antonio Aznar Grasa
Publisher: Springer Science & Business Media
Total Pages: 265
Release: 2013-03-09
Genre: Business & Economics
ISBN: 9401713588

This book proposes a new methodology for the selection of one (model) from among a set of alternative econometric models. Let us recall that a model is an abstract representation of reality which brings out what is relevant to a particular economic issue. An econometric model is also an analytical characterization of the joint probability distribution of some random variables of interest, which yields some information on how the actual economy works. This information will be useful only if it is accurate and precise; that is, the information must be far from ambiguous and close to what we observe in the real world Thus, model selection should be performed on the basis of statistics which summarize the degree of accuracy and precision of each model. A model is accurate if it predicts right; it is precise if it produces tight confidence intervals. A first general approach to model selection includes those procedures based on both characteristics, precision and accuracy. A particularly interesting example of this approach is that of Hildebrand, Laing and Rosenthal (1980). See also Hendry and Richard (1982). A second general approach includes those procedures that use only one of the two dimensions to discriminate among models. In general, most of the tests we are going to examine correspond to this category.

Systems Biology

Systems Biology
Author: Edda Klipp
Publisher: John Wiley & Sons
Total Pages: 593
Release: 2013-06-20
Genre: Medical
ISBN: 3527644997

This advanced textbook is tailored to the needs of introductory course in Systems Biology. It has a compagnion website (www.wiley-vch.de/home/systemsbiology)with solutions to questions in the book and several additional extensive working models. The book is related to the very successful previous title 'Systems Biology in Practice' and has incorporated the feedback and suggestions from many lecturers worldwide. The book addresses biologists as well as engineers and computer scientists. The interdisciplinary team of acclaimed authors worked closely together to ensure a comprehensive coverage with no overlaps in a homogenous and compelling style.

Modern Statistical Methods for Astronomy

Modern Statistical Methods for Astronomy
Author: Eric D. Feigelson
Publisher: Cambridge University Press
Total Pages: 490
Release: 2012-07-12
Genre: Science
ISBN: 1139536095

Modern astronomical research is beset with a vast range of statistical challenges, ranging from reducing data from megadatasets to characterizing an amazing variety of variable celestial objects or testing astrophysical theory. Linking astronomy to the world of modern statistics, this volume is a unique resource, introducing astronomers to advanced statistics through ready-to-use code in the public domain R statistical software environment. The book presents fundamental results of probability theory and statistical inference, before exploring several fields of applied statistics, such as data smoothing, regression, multivariate analysis and classification, treatment of nondetections, time series analysis, and spatial point processes. It applies the methods discussed to contemporary astronomical research datasets using the R statistical software, making it invaluable for graduate students and researchers facing complex data analysis tasks. A link to the author's website for this book can be found at www.cambridge.org/msma. Material available on their website includes datasets, R code and errata.