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Controlling an Econometric Model Using Different Coefficient Sets

  • C.-L. Sandblom
  • H. A. Eiselt
Chapter
Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 3)

Abstract

In optimisation experiments with macroeconometric models, there are many sources of uncertainty and error that should be taken into consideration. An issue which has received much attention during the last decade is how random disturbances in the model equations will affect optimal policies. Another issue and one which seems to have been overlooked is the effects of coefficient estimates of different refinement on the determination of optimal policies.

Keywords

Optimal Policy Model Version Planning Period Payoff Matrix Historical Simulation 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© Martinus Nijhoff Publishers. Dordrecht/Boston/Lancaster 1984

Authors and Affiliations

  • C.-L. Sandblom
    • 1
  • H. A. Eiselt
    • 1
  1. 1.Concordia UniversityMontrealCanada

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