OptimizationHeuristicsinEconometrics

Manyproblemsinstatisticsandeconometricsofferthemselvesnaturallytotheuseofoptimizationheuristics.Standardmethodsappliedtohighlycomplexproblemsoftenproduceapproximateresults,ofunknownquality,basedonheavyassumptions.Optimizationheuristicmethodsprovidepowerfulresultstomanycomplexproblems,combinedwithrelativelysimpleimplementation.Thetechniquesusedinoptimizationheurisiticscanbeappliedtoproblemsencounteredineconometrics,statisticsandoperationsresearch.*Offersaself-containedintroductiontooptimizationheuristicsineconometricsandstatistics*Featuresmanyexamplesofoptimizationheuristicmethodsappliedtorealproblems*Includesdetailedcoverageofthethresholdacceptingheuristicmethodsappliedtorealproblems*ProvidessuggestionsforfurtherreadingSplitintothreeparts,thebookopenswithageneralintroductiontooptimizationinstatisticsandeconometrics,followedbydetaileddiscussionofarelativelynewandverypowerfuloptimizationheuristic,thresholdaccepting.Thefinalpartconsistsofmanyapplicationsofthemethodsdescribedearlier,encompassingexperimentaldesign,modelselection,aggregationoftimeseries,andcensoredquantileregressionmodels.Thoseresearchingandworkingineconometrics,statisticsandoperationsresearcharegiventhetoolstoapplyoptimizationheuristicmethodstorealproblemsintheirwork.Postgraduatestudentsofstatisticsandeconometricswillfindthebookprovidesagoodintroductiontooptimizationheuristicmethods.