Browsing by Subject "Simultaneous equation models"
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(National Institute of Development Administration, 2009);
One of the most important problems in statistical modeling is to choose an appropriate model from a class of candidate models. In real life, we may not know what the true model is, but we hope to find a model that is a reasonably accurate representation. A model selection criterion represents a useful tool to judge the propriety of a fitted model, by assessing whether it offers an optimal balance between goodness of fit and parsimony, the attributes of the best model. In this dissertation, the Akaike information criterion for a system of simultaneous ...