Prerequisites for Contemporary Econometrics and Systems Modelling

Alexis Lazaridis

Chapter 1 in Dynamic Systems in Management Science, 2015, pp 3-26 from Palgrave Macmillan

Abstract: Abstract For analytical purposes, it is much more convenient to express any economic relationships in terms of mathematical equations so that we can apply various estimation methods and optimization techniques to derive economic policy in quantitative terms. Below we provide a simple example in terms of a plain consumption function.

Keywords: Matrix Versus; Generalize Inverse; Private Consumption; Characteristic Root; Colored Noise (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-50892-8_1

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DOI: 10.1057/9781137508928_1

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