Applying maximum entropy to econometric problems

• Other Authors: Hill, R. Carter., Fomby, Thomas B.
• Format: Electronic
• Language: English
• Published: Bingley, U.K. : Emerald, 1997.
• Series: Advances in econometrics ; v. 12.
• Subjects: Business & Economics > Econometrics.; Science > History.; Econometrics.; elektronické knihy; electronic books
• ISBN: 9781849508247 (electronic bk.) :
• Physical Description: 1 online resource (xii, 358 p.).

The entropy concept was developed and used by Shannon in 1940 as a measure of uncertainty in the context of information theory. In 1957 Jaynes made use of Shannon's entropy concept as a basis for estimation and inference in problems that are ill-suited for traditional statistical procedures. Th...