Econometrics and Data Science - 9781484274330

Econometrics and Data ScienceApply Data Science Techniques to Model Complex Problems and Implement Solutions for Economic Problems\nAuthor(s): Tshepo Chris Nokeri\nFormat: Paperback\nPublisher: APress, United States\nImprint: APress\nISBN-13: 9781484274330, 978-1484274330\nSynopsis\nGet up to speed on the application of machine learning approaches in macroeconomic research. This book brings together economics and data science.\nAuthor Tshepo Chris Nokeri begins by introducing you to covariance analysis, correlation analysis, cross-validation, hyperparameter optimization, regressionanalysis, and residual analysis. In addition, he presents an approach to contend with multi-collinearity. He then debunks a time series model recognized as the additive model. He reveals a technique for binarizing an economic feature to perform classification analysis using logistic regression. He brings in the Hidden Markov Model, used to discover hidden patterns and growth in the world economy. The authors