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Title: Econometric Models and Economic Forecasts by Robert S. Pindyck ISBN: 0-07-913292-8 Publisher: Irwin/McGraw-Hill Pub. Date: 01 July, 1997 Format: Hardcover Volumes: 1 List Price(USD): $133.15 |
Average Customer Rating: 3.4 (5 reviews)
Rating: 3
Summary: Great equations, bad explanations
Comment: The subject of econometrics is difficult for the beginner. I have yet to encounter a text that does a great job at explaining both the concepts and the math required to be proficient in this field. I completed three courses, two undergraduate and one graduate level, for which this book was the required text. Like most of my classmates I was never able to fully comprehend the concepts behind the numbers using this text alone. Now that I have a better grasp of econometrics I will vehemently suggest that this text provides a poor verbal description of what a student is actually doing when analyzing data. I found myself reading the chapters 2 or 3 times and still felt unsure of what was going on. Where this book is strong is in its presentation of equations. I highly recommend supplementing this text with Peter Kennedy's, "A Guide to Econometrics," which gives excellent verbal explanations but de-emphasizes the math. These two texts together make a great study for a difficult subject.
Rating: 5
Summary: It's not that bad
Comment: I'm giving this book 5 stars largely to balance out the somewhat unfair reviews that were given. For what it is -- an econometrics textbook that tries to present overview of neginning to intermediate econometrics and forecasting WITHOUT a lot of linear algebra -- it's a pretty good book. While it has its rough spots, the book has many good features. One of the really good features of this book is presenting the material with an emphasis on model building ... a very important emphasis that is too often ignored in other econometrics texts. In an ideal world, this book deserves at least an average of 4 stars and would deserve more if the readers made things more readable and better incorporated advances in econometrics since previous editions.
Rating: 2
Summary: Hardly readable
Comment: This is one of the not so good econometric textbooks I've ever read. The mathematical notations appear to be very confusing and untidy, the text is excessively lengthy. But one who writes actuarial exams has to read it because it is the official textbook.
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Title: Loss Models : From Data to Decisions (Wiley Series in Probability and Statistics) by Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot ISBN: 0471238848 Publisher: Wiley-Interscience Pub. Date: 09 January, 1998 List Price(USD): $115.00 |
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Title: Simulation by Sheldon M. Ross ISBN: 0125980531 Publisher: Academic Press Pub. Date: 01 December, 2001 List Price(USD): $77.95 |
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Title: Basic Econometrics w/Software Disk by Damodar N. Gujarati ISBN: 0072478527 Publisher: Irwin/McGraw-Hill Pub. Date: 18 March, 2002 List Price(USD): $133.15 |
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Title: Introduction to Probability Models, Eighth Edition by Sheldon M. Ross ISBN: 0125980558 Publisher: Academic Press Pub. Date: December, 2002 List Price(USD): $89.95 |
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Title: A Guide to Econometrics - 4th Edition by Peter Kennedy ISBN: 0262611406 Publisher: MIT Press Pub. Date: 08 May, 1998 List Price(USD): $32.95 |
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