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OxMetrics is an econometric software including the Ox programming language for econometrics and statistics, developed by Jurgen Doornik and David Hendry.OxMetrics originates from PcGive, one of the first econometric software for personal computers, initiated by David Hendry in the 1980s at the London School of Economics.
Computational economics uses computer-based economic modeling to solve analytically and statistically formulated economic problems. A research program, to that end, is agent-based computational economics (ACE), the computational study of economic processes, including whole economies, as dynamic systems of interacting agents. [4]
In econometrics, as in statistics in general, it is presupposed that the quantities being analyzed can be treated as random variables.An econometric model then is a set of joint probability distributions to which the true joint probability distribution of the variables under study is supposed to belong.
[1] [2] Given two completely unrelated but integrated (non-stationary) time series, the regression analysis of one on the other will tend to produce an apparently statistically significant relationship and thus a researcher might falsely believe to have found evidence of a true relationship between these variables.
Shazam is a comprehensive econometrics and statistics package for estimating, testing, simulating and forecasting many types of econometrics and statistical models. SHAZAM was originally created in 1977 by Kenneth White. [1]
The transformation suggested by Cochrane and Orcutt disregards the first observation of a time series, causing a loss of efficiency that can be substantial in small samples. [3]
In statistics, econometrics, and signal processing, an autoregressive (AR) model is a representation of a type of random process; as such, it can be used to describe certain time-varying processes in nature, economics, behavior, etc.
[2] [3] Compared to the Leontief model, development planning models focused more on constraints or shortages—of skilled labour, capital, or foreign exchange. CGE modelling of richer economies descends from Leif Johansen 's 1960 [ 4 ] MSG model of Norway, and the static model developed by the Cambridge Growth Project [ 5 ] in the UK.