Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014

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adam_text MODELING DEPENDENCE IN ECONOMETRICS / : 2014 TABLE OF CONTENTS / INHALTSVERZEICHNIS PART I KEYNOTE PAPER PART II FUNDAMENTAL THEORY PART III APPLICATIONS DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT. MODELING DEPENDENCE IN ECONOMETRICS / : 2014 ABSTRACT / INHALTSTEXT IN ECONOMICS, MANY QUANTITIES ARE RELATED TO EACH OTHER. SUCH ECONOMIC RELATIONS ARE OFTEN MUCH MORE COMPLEX THAN RELATIONS IN SCIENCE AND ENGINEERING, WHERE SOME QUANTITIES ARE INDEPENDENCE, AND THE RELATION BETWEEN OTHERS CAN BE WELL APPROXIMATED BY LINEAR FUNCTIONS. AS A RESULT OF THIS COMPLEXITY, WHEN WE APPLY TRADITIONAL STATISTICAL TECHNIQUES DEVELOPED FOR SCIENCE AND ENGINEERING TO PROCESS ECONOMIC DATA, THE INADEQUATE TREATMENT OF DEPENDENCE LEADS TO MISLEADING MODELS AND ERRONEOUS PREDICTIONS. SOME ECONOMISTS EVEN BLAMED SUCH INADEQUATE TREATMENT OF DEPENDENCE FOR THE 2008 FINANCIAL CRISIS. TO MAKE ECONOMIC MODELS MORE ADEQUATE, WE NEED MORE ACCURATE TECHNIQUES FOR DESCRIBING DEPENDENCE. SUCH TECHNIQUES ARE CURRENTLY BEING DEVELOPED. THIS BOOK CONTAINS DESCRIPTION OF STATE-OF-THE-ART TECHNIQUES FOR MODELING DEPENDENCE, AND ECONOMIC APPLICATIONS OF THESE TECHNIQUES. MOST OF THESE RESEARCH DEVELOPMENTS ARE CENTERED AROUND THE NOTION OF A COPULA A GENERAL WAY OF DESCRIBING DEPENDENCE IN PROBABILITY THEORY AND STATISTICS. TO BE EVEN MORE ADEQUATE, MANY PAPERS GO BEYOND TRADITIONAL COPULA TECHNIQUES AND TAKE INTO ACCOUNT, E.G., THE DYNAMICAL (CHANGING) CHARACTER OF THE DEPENDENCE IN ECONOMICS DIESES SCHRIFTSTUECK WURDE MASCHINELL ERZEUGT.
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spellingShingle Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014
Engineering
Artificial intelligence
Computational intelligence
Econometrics
Computational Intelligence
Artificial Intelligence (incl. Robotics)
Ingenieurwissenschaften
Künstliche Intelligenz
title Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014
title_auth Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014
title_exact_search Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014
title_full Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014 edited by Van-Nam Huynh, Vladik Kreinovich, Songsak Sriboonchitta
title_fullStr Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014 edited by Van-Nam Huynh, Vladik Kreinovich, Songsak Sriboonchitta
title_full_unstemmed Modeling Dependence in Econometrics Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014 edited by Van-Nam Huynh, Vladik Kreinovich, Songsak Sriboonchitta
title_short Modeling Dependence in Econometrics
title_sort modeling dependence in econometrics selected papers of the seventh international conference of the thailand econometric society faculty of economics chiang mai university thailand january 8 10 2014
title_sub Selected Papers of the Seventh International Conference of the Thailand Econometric Society, Faculty of Economics, Chiang Mai University, Thailand, January 8-10, 2014
topic Engineering
Artificial intelligence
Computational intelligence
Econometrics
Computational Intelligence
Artificial Intelligence (incl. Robotics)
Ingenieurwissenschaften
Künstliche Intelligenz
topic_facet Engineering
Artificial intelligence
Computational intelligence
Econometrics
Computational Intelligence
Artificial Intelligence (incl. Robotics)
Ingenieurwissenschaften
Künstliche Intelligenz
url https://doi.org/10.1007/978-3-319-03395-2
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