EmpiricalModelBuilding:Data,Models,andReality

PraisefortheFirstEdition"This...novelandhighlystimulatingbook,whichemphasizessolvingrealproblems...shouldbewidelyread.Itwillhaveapositiveandlastingeffectontheteachingofmodelingandstatisticsingeneral."-ShortBookReviewsThisneweditionfeaturesdevelopmentsandreal-worldexamplesthatshowcaseessentialempiricalmodelingtechniquesSuccessfulempiricalmodelbuildingisfoundedontherelationshipbetweendataandapproximaterepresentationsoftherealsystemsthatgeneratedthatdata.Asaresult,itisessentialforresearcherswhoconstructthesemodelstopossessthespecialskillsandtechniquesforproducingresultsthatareinsightful,reliable,anduseful.EmpiricalModelBuilding:Data,Models,andReality,SecondEditionpresentsahands-onapproachtothebasicprinciplesofempiricalmodelbuildingthroughashrewdmixtureofdifferentialequations,computer-intensivemethods,anddata.Thebookoutlinesbothclassicalandnewapproachesandincorporatesnumerousreal-worldstatisticalproblemsthatillustratemodelingapproachesthatareapplicabletoabroadrangeofaudiences,includingappliedstatisticiansandpracticingengineersandscientists.Thebookcontinuestoreviewmodelsofgrowthanddecay,systemswherecompetitionandinteractionaddtothecomplextiyofthemodelwhilediscussingbothclassicalandnon-classicaldataanalysismethods.ThisSecondEditionnowfeaturesfurthercoverageofmomentumbasedinvestingpracticesandresamplingtechniques,showcasingtheirimportanceandexpediencyintherealworld.Theauthorprovidesapplicationsofempiricalmodeling,suchascomputermodelingoftheAIDSepidemictoexplainwhyNorthAmericahasmostoftheAIDScasesintheFirstWorldanddata-basedstrategiesthatallowindividualinvestorstobuildtheirowninvestmentportfolios.Throughoutthebook,computer-basedanalysisisemphasizedandnewlyaddedandupdatedexercisesallowreaderstotesttheircomprehensionofthepresentedmaterial.EmpiricalModelBuilding,SecondEditionisasuitablebookformodelingcoursesattheupper-undergraduateandgraduatelevels.Itisalsoanexcellentreferenceforappliedstatisticiansandresearcherswhocarryoutquantitativemodelingintheireverydaywork.