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Applying Maximum Entropy to Econometric Problems (English, R. Carter Hill | Thomas B. Fomby)
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Book Details
| ISBN-13 | 9780762301874 |
| ISBN-10 | 0762301872 |
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About the Book
The entropy concept was developed and used by Shannon in 1940 as a measure of uncertainty in the context of information theory. In 1957 Jaynes made use of Shannon's entropy concept as a basis for estimation and inference in problems that are ill-suited for traditional statistical procedures. This volume consists of two sections. The first section contains papers developing econometric methods based on the entropy principle. An interesting array o…
ISBN: 9780762301874
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