Project Details
Project Description
The nonexperimental nature of economics makes it important econometricians be able to test their models using accurate procedures. There are a large number of diagnostic tests that can be applied. A major problem is how best to control the overall probability of rejecting the model when it is true. We will develop and investigate a new set of computer-simulation-based procedures for multiple testing of econometric models. This will enable econometricians and statisticians to build better models and to better understand the weaknesses of their models.
Status | Finished |
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Effective start/end date | 28/02/06 → 31/12/09 |
Funding
- Australian Research Council (ARC): A$250,000.00
- Monash University: A$19,000.00