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Informationen zum Autor Winner of The Nobel Prize for Economics 2003. Klappentext 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. Zusammenfassung Clive W. J. Granger is widely regarded as one of the greatest living social scientists. In this book! designed for scholars! researchers and senior undergraduates! he considers the process of constructing and evaluating an empirical model. Using case-studies from the arts and social sciences he provides a concise and entertaining account. Inhaltsverzeichnis 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.
