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Matrix Algebra for Applied Economics
Shayle R. Searle
€ 232.66
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Description for Matrix Algebra for Applied Economics
Hardcover. This volume describes the algebra of matrices and shows how to apply them to today's problems in applied economics. The first section covers the essentials of matrices while the second section concentrates on major topics in applied economics such as regression, linear programming, and time series. Series: Wiley Series in Probability and Statistics. Num Pages: 432 pages, Ill. BIC Classification: KC; PBF. Category: (G) General (US: Trade); (P) Professional & Vocational; (UU) Undergraduate. Dimension: 238 x 164 x 32. Weight in Grams: 792.
Coverage of matrix algebra for economists and students ofeconomics
Matrix Algebra for Applied Economics explains the important tool ofmatrix algebra for students of economics and practicing economists.It includes examples that demonstrate the foundation operations ofmatrix algebra and illustrations of using the algebra for a varietyof economic problems.
The authors present the scope and basic definitions of matrices,their arithmetic and simple operations, and describe specialmatrices and their properties, including the analog of division.They provide in-depth coverage of necessary theory and deal withconcepts and operations for using matrices in real-life situations.They discuss linear dependence and independence, as well as rank,canonical forms, generalized inverses, eigenroots, and vectors.Topics of prime interest to economists are shown to be simplifiedusing matrix algebra in linear equations, regression, linearmodels, linear programming, and Markov chains.
Highlights include:
* Numerous examples of real-world applications
* Challenging exercises throughout the book
* Mathematics understandable to readers of all backgrounds
* Extensive up-to-date reference material
Matrix Algebra for Applied Economics provides excellent guidancefor advanced undergraduate students and also graduate students.Practicing economists who want to sharpen their skills will findthis book both practical and easy-to-read, no matter what theirapplied interests.
Matrix Algebra for Applied Economics explains the important tool ofmatrix algebra for students of economics and practicing economists.It includes examples that demonstrate the foundation operations ofmatrix algebra and illustrations of using the algebra for a varietyof economic problems.
The authors present the scope and basic definitions of matrices,their arithmetic and simple operations, and describe specialmatrices and their properties, including the analog of division.They provide in-depth coverage of necessary theory and deal withconcepts and operations for using matrices in real-life situations.They discuss linear dependence and independence, as well as rank,canonical forms, generalized inverses, eigenroots, and vectors.Topics of prime interest to economists are shown to be simplifiedusing matrix algebra in linear equations, regression, linearmodels, linear programming, and Markov chains.
Highlights include:
* Numerous examples of real-world applications
* Challenging exercises throughout the book
* Mathematics understandable to readers of all backgrounds
* Extensive up-to-date reference material
Matrix Algebra for Applied Economics provides excellent guidancefor advanced undergraduate students and also graduate students.Practicing economists who want to sharpen their skills will findthis book both practical and easy-to-read, no matter what theirapplied interests.
Product Details
Format
Hardback
Publication date
2001
Publisher
John Wiley and Sons Ltd United States
Number of pages
432
Condition
New
Series
Wiley Series in Probability and Statistics
Number of Pages
432
Place of Publication
, United States
ISBN
9780471322078
SKU
V9780471322078
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Shayle R. Searle
SHAYLE R. SEARLE, PhD, is Professor Emeritus of Biometry at CornellUniversity. He is the author of Linear Models, Linear Models forUnbalanced Data, Matrix Algebra Useful for Statistics, and also(with C. E. McCulloch) Generalized, Linear, and Mixed Models, allfrom Wiley. LOIS SCHERTZ WILLETT, PhD, is Professor of Food and ResourceEconomics at the University of Florida. She is the author ofnumerous scientific publications on economic markets and priceanalysis and has won several teaching awards for her instruction ineconomics, econometrics, and other quantitative analysis courses.
Reviews for Matrix Algebra for Applied Economics
"Suitable for a graduate level course on matrix for statisticsstudents. The book is written in an applied style and students willlike it." (Journal of Statistical Computation andSimulation, March 2006) "...well suited to its purpose...content is beautifully laidout..." (Mathematics Today, June 2004) "...designed for students of economics and for practicingeconomists..." (Quarterly of Applied Mathematics, Vol. LX,No. 1, March 2002) "Textbook suitable for a one-semester course introduces matrixalgebra and its application to economic problems." (Journal ofEconomic Literature, Vol. 40, No. 1, March 2002) "A textbook...explaining to students of economics how matrixalgebra is used in the profession...No prior mathematics is assumedbeyond high school algebra..." (Reference & Research BookNews, May 2002) "...practising economists who want to gain more mathematicalskills will also find the book at the right level..."(Zentralblatt Math, Vol. 982, No. 07, 2002) "...an excellent introductory text..." (Journal of theAmerican Statistical Association, December 1, 2002)