Robustness in Econometrics

Book Overview

This book presents recent research on robustness in econometrics. Robust data processing techniques - i.e., techniques that yield results minimally affected by outliers - and their applications to real-life economic and financial situations are the main focus of this book. The book also discusses applications of more traditional statistical techniques to econometric problems.
Econometrics is a branch of economics that uses mathematical (especially statistical) methods to analyze economic systems, to forecast economic and financial dynamics, and to develop strategies for achieving desirable economic performance. In day-by-day data, we often encounter outliers that do not reflect the long-term economic trends, e.g., unexpected and abrupt fluctuations. As such, it is important to develop robust data processing techniques that can accommodate these fluctuations.

• Format: Paperback
• Language: English
• ISBN: 3319844806
• ISBN13: 9783319844800
• Release Date: July 2018
• Publisher: Springer
• Length: 705 Pages
• Weight: 2.17 lbs.
• Dimensions: 1.4" x 6.1" x 9.2"