16 124 785 livres à l’intérieur 175 langues
2 047 049 livres numériques à l’intérieur 101 langues
Cela ne vous convient pas ? Aucun souci à se faire ! Vous pouvez renvoyer le produit dans les 30 jours
Impossible de faire fausse route avec un bon d’achat. Le destinataire du cadeau peut choisir ce qu'il veut parmi notre sélection.
Politique de retour sous 30 jours
Large-scale macroeconometric modeling has been an avid activity for economists for a long time in the academic, business and policy circles. Economists believe that macromodelling is the best way of understanding the economy-wide causal networks of macro variables. However, modelling large economies was never been easy considering competing theories and inadequate model selection methods. As a result, models based on different theoretical paradigms, often with conflicting implications co-exist without being clearly preferred from one to the other. In this context, empirical evaluation of macro econometric models based on their predictive power assumes significance as a method of model selection. The present book is one such exercise of model evaluation where different measures of model performance are employed. The work done in this book pertains to three well-known macro models for India. A main methodological innovation of this work is the application of R C Fair s method of model comparison using FP program available at http://fairmodel.econ.yale.edu/fp/fp.htm