Example: confidence
Piecewise Statistical Distributions And Stochastic Simulation
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Econometric Modelling of Markov-Switching Vector ...
fmwww.bc.eduin regime. Secondly, while the basic statistical techniques have been introduced by Baum and Petrie (1966) and Baum, Petrie, Soules and Weiss (1970) forprobabilistic functions of Markov chains, the MS-VAR model also en-compasses older concepts as the mixture of normal distributions model attributed to Pearson (1894) and the hid-
Introductory Econometrics for Finance
catdir.loc.gov10.6 Disadvantages of the simulation approach to econometric or financial problem solving 590 10.7 An example of the use of Monte Carlo simulation in econometrics: deriving a set of critical values for a Dickey--Fuller test. 592 10.8 An example of …