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The relative efficiencies of various predictors in spatial econometric models containing spatial lags
Spatial models with spatial lags Optimal and suboptimal prediction efficiencies BLUP Kriging
2015/9/24
The purpose of this paper is to describe prediction efficiencies of various suboptimal predictors relative to the efficient (kriging) minimum mean square error predictor in spatial models containing s...
From Physics to Economics: An Econometric Example Using Maximum Relative Entropy
econophyisics econometrics entropy maxent bayes
2010/10/29
Econophysics, is based on the premise that some ideas and methods from physics can be applied to economic situations. We intend to show in this paper how a physics concept such as entropy can be appli...