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Simplicity, Inference and Modelling: Keeping it Sophisticatedly Simple PDF

314 Pages·2002·1.656 MB·English
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by Arnold Zellner, Hugo A. Keuzenkamp, Michael McAleer| 2002| 314 pages| 1.656| English

About Simplicity, Inference and Modelling: Keeping it Sophisticatedly Simple

The idea that simplicity matters in science is as old as science itself, with the much cited example of Ockham's Razor. A problem with Ockham's Razor is that nearly everybody seems to accept it, but few are able to define its exact meaning and to make it operational in a non-arbitrary way. Using a multidisciplinary perspective including philosophers, mathematicians, econometricians and economists, this monograph examines simplicity by asking six questions: What is meant by simplicity? How is simplicity measured? Is there an optimum trade-off between simplicity and goodness-of-fit? What is the relation between simplicity and empirical modelling? What is the relation between simplicity and prediction? What is the connection between simplicity and convenience?

Detailed Information

Author:Arnold Zellner, Hugo A. Keuzenkamp, Michael McAleer
Publication Year:2002
ISBN:9780521803618
Pages:314
Language:English
File Size:1.656
Format:PDF
Price:FREE
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