Applying Maximum Entropy to Econometric Problems by

Applying Maximum Entropy to Econometric Problems

Advances in Econometrics

374 pages missing pub info (editions)

nonfiction business economics history science medium-paced
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The entropy concept was developed and used by Shannon in 1940 as a measure of uncertainty in the context of information theory. In 1957 Jaynes made use of Shannon's entropy concept as a basis for estimation and inference in problems that are ill-s...

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