Econometric Models and Economic Forecasting (Translation Series of Economic Textbooks)

Author: (USA) Peter H. Pindyck
Publisher:
Publish Date: 1999-11-01
Features: Econometric modeling and economic forecasting are rapidly developing, highly practical applied disciplines. As the economy grows, their guiding significance for practice will become increasingly significant. This book adheres to the principle of gradual progress and integrating theory with practice, vividly introducing various calculation models such as simple regression analysis and time series analysis through rich and easy-to-understand examples. It is highly suitable for classroom teaching and self-study by readers. The book is divided into four parts, with each part primarily discussing a type of model. Part 1 and Part 2 discuss the basic models, namely single-equation regression models. The econometric methods developed to construct single-equation regression models, as well as their variations, will be applied to the construction of multi-equation models and time series models. Part 3's discussion of multi-equation models is particularly important. Each chapter in Part 3 focuses on the estimation methods of simultaneous equation models, including model identification issues and methods such as two-stage and three-stage least squares estimation. Part 4 is dedicated to discussing time series models.