Modern Time Series Analysis in Forest Products Markets

Modern Time Series Analysis in Forest Products Markets

4.11 - 1251 ratings - Source

This volume comprises fifteen papers exploring the consequences of applying modern time-series methods, particularly co-integrated time-series methods, for the analysis of forest economics problems. The methods represent the forefront of econometrics in this area, and the volume is the first of its kind. An introductory paper explains the econometrics of unit-root processes. Much of what follows in the other papers depends upon only a few of the ideas presented in the introduction. The volume includes tests of, e.g., the Law of One Price, land valuation models, demand and supply models, Granger-causality, and forecast models. The reader will learn a great deal about forest economies, particularly in Northern Europe, and about the practical use of modern time-series methods. The methods presented are applicable to other fields of economics. The volume is aimed at researchers in applied economics and as a supplement to (advanced) theoretical textbooks, mainly in Natural Resource Economics.However, many economic time series do not satisfy this assumption - even after deterministic a#39;detrendinga#39;. In particular, many time ... first topic we address. 1. Stationarity and Unit Root Induced Non station arity A vector autoregressive model is used for highlighting the concepts and problems central to the statistical analysis of nonstationary data ... ( 1 995a). Consider thep-dimensional stochastic process X, with a border autoregressive representation, where we for simplicity set k = 1 :anbsp;...

Title:Modern Time Series Analysis in Forest Products Markets
Author: Jens Abildtrup
Publisher:Springer Science & Business Media - 1998-12-31

You must register with us as either a Registered User before you can Download this Book. You'll be greeted by a simple sign-up page.

Once you have finished the sign-up process, you will be redirected to your download Book page.

How it works:
  • 1. Register a free 1 month Trial Account.
  • 2. Download as many books as you like (Personal use)
  • 3. Cancel the membership at any time if not satisfied.

Click button below to register and download Ebook
Privacy Policy | Contact | DMCA