TY  - BOOK
AU  - Geweke,John
TI  - Complete and Incomplete Econometric Models
T2  - The Econometric and Tinbergen Institutes Lectures
SN  - 9780691140025
AV  - HB141 
U1  - 330.01/5195 22
PY  - 2010///]
CY  - Princeton, NJ : 
PB  - Princeton University Press, 
KW  - BUSINESS and amp
KW  - ECONOMICS
KW  - Econometrics
KW  - Statistics
KW  - Econometric models
KW  - BUSINESS & ECONOMICS / Econometrics
KW  - bisacsh
N1  - Frontmatter --; Contents --; Series Editors' Introduction --; Preface --; 1 Introduction --; 2. The Bayesian Paradigm --; 3. Prior Predictive Analysis And Model Evaluation --; 4. Incomplete Structural Models --; 5. An Incomplete Model Space --; References; restricted access; Issued also in print
N2  - Econometric models are widely used in the creation and evaluation of economic policy in the public and private sectors. But these models are useful only if they adequately account for the phenomena in question, and they can be quite misleading if they do not. In response, econometricians have developed tests and other checks for model adequacy. All of these methods, however, take as given the specification of the model to be tested. In this book, John Geweke addresses the critical earlier stage of model development, the point at which potential models are inherently incomplete. Summarizing and extending recent advances in Bayesian econometrics, Geweke shows how simple modern simulation methods can complement the creative process of model formulation. These methods, which are accessible to economics PhD students as well as to practicing applied econometricians, streamline the processes of model development and specification checking. Complete with illustrations from a wide variety of applications, this is an important contribution to econometrics that will interest economists and PhD students alike
UR  - https://doi.org/10.1515/9781400835249
UR  - https://www.degruyter.com/isbn/9781400835249
UR  - https://www.degruyter.com/cover/covers/9781400835249.jpg
ER  -