1st Edition
by Jerzy Witold Wisniewski (Author)
This book introduces the
application of microeconometric methods for modelling various aspects of
economic activity for small to large size enterprises, using methods
that are based on both time-series and cross-section approaches. The
information obtained from using these estimated models can then be used
to inform business decisions that improve the efficiency of operations
and planning.
Basic models used in the modelling of the business
(single-equation and multiple-equation systems) are introduced whilst a
wide range of economic activity including major aspects of financial
management, demand for labour, administrative staff and labour
productivity are also explored.
Microeconometrics in Business Management:
- Introduces
econometric methods which can be used in the modelling of economic
activity and forecasting, to help improve the efficiency of business
operations and planning.
- Describes econometric entities through multiple-equation and single-equation microeconometric models.
- Explores the process of building and adapting basic microeconometric tools.
- Presents
numerous micromodels based on time-series data and statistical
cross-sectional sequences, which can be used in any enterprise.
- Features numerous real –world applications along with examples drawn from the authors own experience.
- Is
supported by a companion website featuring practice problems and
statistical data to aid students to construct and estimate micro models.
- Features end of chapter exercises with examples present in free software GRETL.
This
book serves as a valuable resource for students, business management
practitioners and researchers in econometric micro-model construction
and various decision-making processes.
