Random Sets in Econometrics
Book Details
Format
Paperback / Softback
Book Series
Econometric Society Monographs
ISBN-10
110754873X
ISBN-13
9781107548732
Publisher
Cambridge University Press
Imprint
Cambridge University Press
Country of Manufacture
US
Country of Publication
GB
Publication Date
Apr 5th, 2018
Print length
194 Pages
Weight
320 grams
Dimensions
15.40 x 23.20 x 1.60 cms
Product Classification:
EconometricsEconomic statisticsMathematics
Ksh 5,600.00
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Random set theory is fundamental to mathematical analysis in econometrics and finance. This is the first book dedicated to the use of the theory in econometrics. Written by leading figures and experts in this area, this book will be of interest to graduate students and researchers in econometrics.
Random set theory is a fascinating branch of mathematics that amalgamates techniques from topology, convex geometry, and probability theory. Social scientists routinely conduct empirical work with data and modelling assumptions that reveal a set to which the parameter of interest belongs, but not its exact value. Random set theory provides a coherent mathematical framework to conduct identification analysis and statistical inference in this setting and has become a fundamental tool in econometrics and finance. This is the first book dedicated to the use of the theory in econometrics, written to be accessible for readers without a background in pure mathematics. Molchanov and Molinari define the basics of the theory and illustrate the mathematical concepts by their application in the analysis of econometric models. The book includes sets of exercises to accompany each chapter as well as examples to help readers apply the theory effectively.
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