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Author:Sims, C. A.
Title:Using likelihood perspective to sharpen econometric discourse: Three examples
Journal:Journal of Econometrics
2000 : APR, VOL. 95:2, p. 443-462
Index terms:ECONOMETRICS
STATISTICAL METHODS
BAYESIAN STATISTICS
REGRESSION ANALYSIS
PANEL DATA
Freeterms:TREND
KERNEL REGRESSION
SPLINE
Language:eng
Abstract:This study discusses a number of areas of inference where dissatisfaction by applied workers with the prescriptions of econometric high theory is strong and where a likelihood approach diverges strongly from the mainstream approach in its practical prescriptions. In these areas a likelihood perspective leads to more useful and objective reporting of results and characterization of uncertainty.
SCIMA record nr: 201674
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