Some ideas are so good that they keep re-appearing again and again. In other words, they stand the test of time, and prove to be useful in lots of different contexts – sometimes in situations that we couldn’t have imagined when the idea first came ...
There are no April Fool's tricks in the following list of suggestions.
Two giants in our field, now deceased, are celebrated in recent Working Papers by Peter Phillips and Timo Teräsvirta.Peter's paper is titled, "Tribute to T. W. Anderson", is in an issue of Econometric Theory that also includes ted's last published res...
The latest issue of Econometric Reviews (Vol 36, Nos. 1-3) is devoted to papers that have been assembled to honour Peter Schmidt, of Michigan State University. Peter's contributions to econometrics have been outstanding, and it's great to see his ...
Continuing on from my earlier posts about vintage years for econometrics in the 1930's, 1940's, 1950's, 1960's, here's my tasting guide for the 1970's.Once again, let me note that "in econometrics, what constitutes quality and importance is partly a ma...
In an earlier post I discussed Shirley Almon's contribution to the estimation of Distributed Lag (DL) models, with her seminal paper in 1965.That post drew quite a number of email requests for more information about the Almon estimator, and how it fits...
In a follow-up to my recent post about Irving Fisher's contribution to the development of distributed lag models, Mike Belongia emailed me again with some very interesting material. He commented:"While working with Peter Ireland to crea...
Some time back, Mike Belongia (U. Mississippi) emailed me as follows: "I enjoyed your post on Shirley Almon; her name was very familiar to those of us of a certain age.With regard to your planned follow-up post, I thought you might enjoy the...
Monte Carlo (MC) simulation provides us with a very powerful tool for solving all sorts of problems. In classical econometrics, we can use it to explore the properties of the estimators and tests that we use. More specifically, MC methods enable us to ...
Unfortunately, this post deals with the recent loss of one of the great statisticians of our time - Theodore (Ted) W. Anderson.Ted passed away on 17 September of this year, at the age of 98.I'm hardly qualified to discuss the numerous, path-breaking, c...
