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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
Models and Projections of Demand in Post-War Britain

Models and Projections of Demand in Post-War Britain

Deaton, Angus

Paperback

Series: Cambridge Studies in Applied Econometrics, Book 1

Economics

ISBN10: 0412136406
ISBN13: 9780412136405
Publisher: Springer Nature
Published: Jan 1 1975
Pages: 261
Weight: 0.85
Height: 0.57 Width: 6.14 Depth: 9.21
Language: English
The first number of our earlier series, A Programme for Growth, carried a notice of forthcoming papers. Five were announced but eventually only four were published. The fifth, which was intended to deal with consumption functions, never appeared; now it takes its place as number one in the new series. It is not that ten years ago we had nothing to say on the subject of consumers' behaviour. The crude estimation method that I had used in my original (1954) paper on the linear expenditure system gave interesting and in many respects satisfactory results, some of which were published outside our series, for instance in Stone, Brown and ). With this method the parameter estimates changed Rowe ( 1964 very little after the first few iterations. Nevertheless they did change, and with the computing resources then at our disposal we failed to reach convergence. It was mainly for this reason that we decided to wait.

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