Knowledge that Transforms

Abstract : Contents: Analysis for Air Force Decisions, The Selection and Use of Strategic Air Bases, The Why and How of Model Building, The Relevance of Costs, Analysis and Design of Conflict Systems, Assumptions about Enemy Behavior, Gaming Methods and Applications, Strategies for Development, Mathematics and Systems Analysis, The Use of Computers, Costing Methods, Pitfalls in Systems Analysis.

This now classic volume aims at a systematic presentation of the statistical methods used for the analysis of economic data. The properties of the various procedures are studied within the framework of theoretical stochastic models. Their relevance for inference on the economic phenomena is discussed at length. This third edition has been updated in many respects. Chapter 8 (Regression in Various Contexts) has been rewritten and now provides a full discussion of estimation in the linear models with a partially unknown covariance matrix, which introduces a systematic treatment of heteroscedasticity, random coefficients and composite errors. A new chapter has been added on simultaneous equation models that are non-linear with respect to the endogenous variables. The reader will also find new sections on shrunken estimators, on the choice of a model, on specification and estimation for distributed lag equations.