Title :
Modularization of large econometric models: An application of structural modeling
Author :
El-mokadem, A. ; Warfield, J.N. ; Pollick, D. ; Kawamura, Kei
Author_Institution :
Battelle Columbus Laboratories, Columbus, Ohio
Abstract :
Current world-wide economic difficulties suggest that there is a need for methods that lend greater insight into what econometric models tell us. It is also desirable to find simple methods for solving such models. Methods drawn from interpretive structural modeling are shown to provide a very simple solution technique for a 52-equation econometric model, and a flexible, modular interpretation of the model.
Keywords :
Context modeling; Econometrics; Economic forecasting; Mathematical model; Parameter estimation; Predictive models;
Conference_Titel :
Decision and Control including the 13th Symposium on Adaptive Processes, 1974 IEEE Conference on
Conference_Location :
Phoenix, AZ, USA
DOI :
10.1109/CDC.1974.270523
