03468nam 2200721Ia 450 991078107010332120200520144314.01-282-47315-81-282-93628-X978661247315997866129362891-4008-3524-00-691-14002-210.1515/9781400835249(CKB)2550000000007554(EBL)483548(OCoLC)659549748(SSID)ssj0000358159(PQKBManifestationID)11250763(PQKBTitleCode)TC0000358159(PQKBWorkID)10376812(PQKB)10715692(MdBmJHUP)muse36828(DE-B1597)446907(OCoLC)979745517(DE-B1597)9781400835249(Au-PeEL)EBL483548(CaPaEBR)ebr10359235(CaONFJC)MIL293628(Au-PeEL)EBL4968571(CaONFJC)MIL247315(PPN)170238814(MiAaPQ)EBC483548(EXLCZ)99255000000000755420090626d2010 uy 0engur|n|---|||||txtccrComplete and incomplete econometric models[electronic resource] /John GewekeCourse BookPrinceton Princeton University Pressc20101 online resource (176 p.)The Econometric and Tinbergen Institutes lecture seriesSeries statement from jacket.Includes bibliographical references. Frontmatter -- Contents -- Series Editors' Introduction -- Preface -- 1 Introduction -- 2. The Bayesian Paradigm -- 3. Prior Predictive Analysis And Model Evaluation -- 4. Incomplete Structural Models -- 5. An Incomplete Model Space -- ReferencesEconometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Summarizing and extending recent advances in Bayesian econometrics, Geweke shows how simple modern simulation methods can complement the creative process of model formulation. These methods, which are accessible to economics PhD students as well as to practicing applied econometricians, streamline the processes of model development and specification checking. Complete with illustrations from a wide variety of applications, this is an important contribution to econometrics that will interest economists and PhD students alike.Econometric and Tinbergen Institutes lectures.Econometric modelsEconometricsEconometric models.Econometrics.330.01/5195Geweke John121506MiAaPQMiAaPQMiAaPQBOOK9910781070103321Complete and incomplete econometric models3740674UNINA