Article
A Multi-Criteria Approach To Model Specification And Estimation
ISU Economic Report Series
Document Type
Report
Publication Date
1-1-1995
Number
28
Disciplines
Abstract
Why have multicriteria decision making (MCDM) techniques played only a minor role in econometric and statistical methodology to date? On the surface, this minor role is surprising. Every postulated theoretical relation is almost surely false. A cross-sectional function for household demand may be misspecified as linear rather than nonlinear.
Published As
This report has been published in Computational Statistics & Data Analysis Volume 21, Issue 2, Pages 193-214
Citation Information
Robert Kalaba and Leigh Tesfatsion. "A Multi-Criteria Approach To Model Specification And Estimation" (1995) Available at: http://works.bepress.com/leigh-tesfatsion/14/