the advantage of being computationally efficient. In an empirical analysis of the methodology, we fit the model to all …

General issues about the methodology of empirical econometric research are discussed. It is argued that the most … strengths and the weaknesses of a methodology and to codify what its prescriptions entail. The time series methodology of David … Hendry is considered in some detail. It is shown that the Hendry methodology comes remarkable close to achieving an optimal …

from fixed format models and forecasts produced by the NZIER. Two illustrations of the methodology in conditional …

This paper reports an empirical application of new Baynesian methodology to Australian data on consumption, income … odds test criteria. The paper provides an overview of this methodology, which is based on recent work by the author (1991 … results are presented alongside well-known classical tests and are shown to provide especially useful evidence in cases where …

methodology of Bayesian analysis developed in a recent paper by Phillips-Ploberger (1991). Some new simulations that shed light on … certain comments of the discussants are proven; new empirical evidence is reported with the extended Nelson-Plosser data …