Intermediate economic statistics

"It is my view" writes Professor Fox in his Preface, "that real competence in the use of economic statistics or econometrics tends to develop in close association with a sophisti cated understanding of economic theory, institutions, and sources of data in the area or areas of econo mics with which one is concerned. An appropriate integration of the relevant economic theory and statis tical techniques should become second nature to a practicing economist-though never too deeply ingrained for security and re evaluation."

Intermediate Economic Statistics

achieves a unique integration of statistical methods with economic theory. The book will be valuable as a text for econometrics and econo mic statistics courses, and for reference use by economists who have completed their formal acade mic training.

The book reflects the up-to-date concerns of quantitative economic research with such topics as aggre gation, causal ordering, identifica tion, multicollinearity, the use of a priori information, two-stage least squares and time series analysis as encountered in large-scale economic models. Methods are taught in the context of real problems of economic research involving models of na tional economies as well as simpler models encountered in estimating demand, supply, production and consumption functions. A special chapter by J. K. Sengupta and B. C. Sanyal surveys alternative methods of estimating relationships in econometric models. Modernity of viewpoint and topics, clarity of ex pression, and simplicity of mathe matical explanation advantages of this book.