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Matrix Algebra

Matrix Algebra

Hardcover

Series: Wiley Probability and Statistics, Book 349

AlgebraGeneral Mathematics

ISBN10: 0471322075
ISBN13: 9780471322078
Publisher: John Wiley & Sons
Published: Aug 30 2001
Pages: 432
Weight: 1.58
Height: 1.00 Width: 6.06 Depth: 9.82
Language: English
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.

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Algebra