In economics, many quantities are related to each other. Such economic relations are often much more complex than relations in science and engineering, where some quantities are independence and the relation between others can be well approximated by linear functions. As a result of this complexity, when we apply traditional statistical techniques - developed for science and engineering - to process economic data, the inadequate treatment of dependence leads to misleading models and erroneous predictions. Some economists even blamed such inadequate treatment of dependence for the 2008...
In economics, many quantities are related to each other. Such economic relations are often much more complex than relations in science and engineer...
This edited book contains several state-of-the-art papers devoted to econometrics of risk. Some papers provide theoretical analysis of the corresponding mathematical, statistical, computational, and economical models. Other papers describe applications of the novel risk-related econometric techniques to real-life economic situations. The book presents new methods developed just recently, in particular, methods using non-Gaussian heavy-tailed distributions, methods using non-Gaussian copulas to properly take into account dependence between different quantities, methods taking into account...
This edited book contains several state-of-the-art papers devoted to econometrics of risk. Some papers provide theoretical analysis of the correspo...
This bookis devoted to the analysis of causal inference which is one of the most difficult tasks in dataanalysis: when two phenomena are observed to be related, it is often difficultto decide whether one of them causally influences the other one, or whetherthese two phenomena have a common cause.
This bookis devoted to the analysis of causal inference which is one of the most difficult tasks in dataanalysis: when two phenomena are observed to ...
This book presents recent research on robustness in econometrics. Robust data processing techniques - i.e., techniques that yield results minimally affected by outliers - and their applications to real-life economic and financial situations are the main focus of this book. The book also discusses applications of more traditional statistical techniques to econometric problems. Econometrics is a branch of economics that uses mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable...
This book presents recent research on robustness in econometrics. Robust data processing techniques - i.e., techniques that yield results minimally af...
