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Econometric Applications of Maximum Likelihood Methods by J. S. Cramer, Jan Salomon Cramer

Econometric Applications of Maximum Likelihood Methods

by J. S. Cramer , Jan Salomon Cramer
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Book cover type: Paperback
  • ISBN13: 9780521378574
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Cambridge University Press
  • Publisher Imprint: Cambridge University Press
  • Publication Date:
  • Pages: 224
  • Original Price: GBP 34.0
  • Language: English
  • Edition: Revised
  • Item Weight: 336 grams
  • BISAC Subject(s): Econometrics

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.

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