Interpreting Linear Models

David F. Hendry

in Dynamic Econometrics

Published in print February 1995 | ISBN: 9780198283164
Published online November 2003 | e-ISBN: 9780191596384 | DOI:

Series: Advanced Texts in Econometrics

 Interpreting Linear Models

More Like This

Show all results sharing this subject:

  • Econometrics and Mathematical Economics


Show Summary Details


Regression, linear least‐squares approximation, contingent plan, and behavioural model are distinguished as four interpretations that ‘look alike’ yet have different properties. Models of expectations formation are analysed including rational, consistent, unbiased, and economically rational expectations, the last highlighting the instrumental role of expectations in achieving plans.

Keywords: behavioural model; contingent plan; expectations formation; linear least‐squares approximation; rational expectations; regression

Chapter.  17096 words.  Illustrated.

Subjects: Econometrics and Mathematical Economics

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.