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  • ISBN: 9780127466521
  • ISBN10: 0127466525

Asymptotic Theory for Econometricians

by Halbert White

  • Binding: Hardcover
  • Edition: 2
  • Publisher: Academic Pr
  • Publish date: 10/01/2000
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Asymptotic theory allows economists and econometricians to manage random data and variables. Unlike physicists, economists usually cannot conduct controlled experiments; the data they analyze are usually the result of a combination of random events and actions (domestic economic policy, changing world commodity prices, earthquakes, antitrust suits). Unlike classical linear models of economics, asymptotic (or large sample) theory enables economists to account for the randomness of these daily variables and predict market and economic outcomes with greater certainty.
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