In recent years econometricians have examined the problems of diagnostic testing, specification testing, semiparametric estimation and model selection. In addition researchers have considered whether to use model testing and model selection procedures to decide the models that best fit a particular dataset. This book explores both issues with application to various regression models, including the arbitrage pricing theory models. It is ideal as a reference for statistical sciences postgraduate students, academic researchers and policy makers in understanding the current status of model building and testing techniques.

chapter 1|4 pages


chapter 2|22 pages

Testing Econometric Models

chapter 3|40 pages

Testing for Block Effects

chapter 4|24 pages

Model Selection Procedures

chapter 5|46 pages

Information Criteria for Model Selection

chapter 7|28 pages

Arbitrage Pricing Model