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Econometric Applications of Maximum Likelihood Methods by Jan Salomon Cramer 9780521378574

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Description

The advent of electronic computing permits the empirical analysis of economic models of far greater subtlety and rigour than before, when many interesting ideas were not followed up because the calculations involved made this impracticable. The estimation and testing of these more intricate models is usually based on the method of Maximum Likelihood, which is a well-established branch of mathematical statistics. Its use in econometrics has led to the development of a number of special techniques; the specific conditions of econometric research moreover demand certain changes in the interpretation of the basic argument. This book is a self-contained introduction to this field. It consists of three parts. The first deals with general features of Maximum Likelihood methods; the second with linear and nonlinear regression; and the third with discrete choice and related micro-economic models. Readers should already be familiar with elementary statistical theory, with applied econometric research papers, or with the literature on the mathematical basis of Maximum Likelihood theory. They can also try their hand at some advanced econometric research of their own.

The advent of electronic computing permits the empirical analysis of economic models of far greater subtlety and rigour than before.

Book Information
ISBN 9780521378574
Author Jan Salomon Cramer
Format Paperback
Page Count 224
Imprint Cambridge University Press
Publisher Cambridge University Press
Weight(grams) 340g
Dimensions(mm) 224mm * 144mm * 13mm

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