Econometrics - 9780415321389

Taylor & Francis

Originally published in 1951, this volume reprints the classic work written by one of the leading global econometricians. > Originally published in 1951, this volume reprints the classic work written by one of the leading global econometricians.Econometrics is structured as followed:Part 1 explains the relationship of Econometrics to Economics and Statistics.Part 2 outlines the process of formulating economic hypotheses mathematically and of subjecting them to a statistical test.Part 3 deals with the various component equations of the economic system - the psychic reactions, technical relations and reactions of business life and describes the process of setting up an economic model of the system as a whole.Part 4 llustrates the use of econometric methods for policy purposes. > Part 1: Introduction 1. The Relationship of Econometrics to Economics and Statistics Part 2: The Working Methods of Econometrics 2. Mathematical Formulation 3. Statistical Testing Part 3: Results of Econol