Probability Theory and Statistical Inference: Econometric Modeling with Observational Data

Probability Theory and Statistical Inference: Econometric Modeling with Observational Data

by Aris Spanos (Author)

Synopsis

This major textbook from a distinguished econometrician is intended for students taking introductory courses in probability theory and statistical inference. No prior knowledge other than a basic familiarity with descriptive statistics is assumed. The primary objective of this book is to establish the framework for the empirical modelling of observational (non-experimental) data. This framework known as 'Probabilistic Reduction' is formulated with a view to accommodating the peculiarities of observational (as opposed to experimental) data in a unifying and logically coherent way. Probability Theory and Statistical Inference differs from traditional textbooks in so far as it emphasizes concepts, ideas, notions and procedures which are appropriate for modelling observational data. Aimed at students at second-year undergraduate level and above studying econometrics and economics, this textbook will also be useful for students in other disciplines which make extensive use of observational data, including finance, biology, sociology and psychology and climatology.

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Quantity

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More Information

Format: Paperback
Pages: 844
Edition: 2007 Reprint
Publisher: Cambridge University Press
Published: 02 Sep 1999

ISBN 10: 0521424089
ISBN 13: 9780521424080
Book Overview: A major textbook for students taking introductory courses in probability theory and statistical inference.

Media Reviews
'... a useful complement to a full introductory course in probabilistic foundations of econometrics.' The Times Higher Education Supplement
The chapters are impressive because of their thoroughness and attention to detail. The writing is elegant. The problem sections at the ends of the chapters are both reinforcing and creatively challenging... The section on 'building block' stochastics is one of the best I have read... the treatment and presentation are refreshing in their clarity. Computing Reviews
Undergraduate and graduate-level introductory textbook on probability theory and