Facebook Twitter Google plus Share Share this post Facebook Twitter Google plus close 6.15pm ET23:15 If you have a PhD in econometrics from the Massachusetts Institute of Brainology you may enjoy reading this article from the Congressional Budget Office on the "Choices for Deficit Reduction" published yesterday.
Friedman was not, however, an outstanding technician; he was relatively sparing in his use of mathematical models, and towards the end his use of econometrics ran into criticism.
Just take iPhone's Siri, for example, which applies voice-recognition and automated search technologies unimaginable not long ago.One limitation I frequently confront when investigating economic trends is a relatively rudimentary understanding of econometrics.
Using fancy econometrics, he claims that most of the correlation between openness and growth can be explained by only two of the five criteria: the state monopoly on important exports and the black-market exchange-rate gap.
New empirical techniques in merger evaluation, fed by scanner data and advances in the econometrics of differentiated products, are genuinely productive tools for estimating the market power of merged firms.We should be less sanguine about post-Chicago game theoretic models having either sufficiently robust or verifiable assumptions to advance the objectives of antitrust.
That was the assumption that Vince Showers, a finance professor and specialist in econometrics at Bradley University, Illinois, set out to test.
At 36, she has already made a mark in several fields: economic theory; applied economics, from auctions and industrial organisation to macroeconomics; and econometrics.
They often hail from privileged backgrounds and build their reputation on inscrutable econometrics.
Frisch was a great coiner of technical terms, also giving us "econometrics".Kevin Hoover Professor of economics and philosophy Duke University Durham, North CarolinaSIR – I was surprised that you did not mention the Austrian school of thought.
For example, the chief of econometrics in the Ministry of Planning leads a staff of 20 female statisticians by Internet and closed-circuit TV, because he is not allowed to be in the same room with them.
It would also raise the potential cost to newspapers of losing a suit: for a big company, even a small dip in the share price can mean billions.But identifying the exact relationship between a particular piece of news coverage and a share price fluctuation will be a demanding piece of econometrics.
