Code: 15460061

Robustness in Econometrics

Name: Robustness in Econometrics
Brand: Springer International Publishing AG
SKU: 15460061
Price: 173.31 EUR
Availability: InStock
Author: Vladik Kreinovich
ISBN: 9783319507415

by Vladik Kreinovich, Songsak Sriboonchitta, Van-Nam Huynh

Language: English
Binding: Hardback
Number of pages: 705
Publisher: Springer International Publishing AG, 2017
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Book synopsis

This book presents recent research on robustness in econometrics. Robust data processing techniques - i.e., techniques that yield results minimally affected by outliers - and their applications to real-life economic and financial situations are the main focus of this book. The book also discusses applications of more traditional statistical techniques to econometric problems.

Econometrics is a branch of economics that uses mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. In day-by-day data, we often encounter outliers that do not reflect the long-term economic trends, e.g., unexpected and abrupt fluctuations. As such, it is important to develop robust data processing techniques that can accommodate these fluctuations.