Applying Maximum Entropy to Econometric Problems

by Thomas B. Fomby

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 of...

• Format: Hardcover
• Language: English
• ISBN: 0762301872
• ISBN13: 9780762301874
• Release Date: July 1997
• Publisher: Jai Press Inc.
• Length: 374 Pages
• Weight: 1.54 lbs.
• Dimensions: 0.9" x 6.1" x 9.2"