Statistics, Econometrics and Forecasting pdf

Arnold Zellner was born on January 2, 1927, in Brooklyn, New York. Arnold attended Harvard University on scholarship, earning a bachelor’s degree in physics in 1949. Upon completing his tour of duty in the Army, he used his GI Bill benefits to attend the University of California, Berkley, where he earned a PhD in economics in 1957. He held appointments in the Department of Economics at the University of Washington (1955–1960) and the University of Wisconsin (1961–1966) before accepting an appointment as the H.G.B. Alexander Professor of Economics and Statistics at the University of Chicago, Graduate School of Business (1966–1996). Since retiring in 1996 from the University of Chicago, he has been a frequent lecturer throughout the world and a visiting professor in the Department of Agricultural and Resource Economics at the University of California, Berkley.

Statistics, Econometrics and Forecasting pdf by Arnold Zellner

This book is based on two Sir Richard Stone lectures at the Bank of England and the National Institute for Economic and Social Research. Largely non-technical, the first part of the book covers some of the broader issues involved in Stone's and others' work in statistics. It explores the more philosophical issues attached to statistics, econometrics and forecasting and describes the paradigm shift back to the Bayesian approach to scientific inference. The first part concludes with simple examples from the different worlds of educational management and golf clubs. The second, more technical part covers in detail the structural econometric time series analysis (SEMTSA) approach to statistical and econometric modeling.