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Henri Theil
Henri (Hans) Theil (October 13, 1924 – August 20, 2000) was a Dutch econometrician and professor at the Netherlands School of Economics in Rotterdam, known for his contributions to the field of econometrics. Biography Born in Amsterdam, Theil started to study mathematics and physics at Utrecht University in 1942. Later in World War II he was arrested and was imprisoned in Vught. After the war he started to study economics at the Gemeente-Universiteit Amsterdam, where in 1951 he received his PhD under Pieter Hennipman.Raj, Baldev. "Henri Theil’s Biography and his Contributions to Economics and Econometrics: An Overview." Henri Theil’s Contributions to Economics and Econometrics. Springer Netherlands, 1992. 3–16. After graduation Theil started working as researcher for the Bureau for Economic Policy Analysis under Jan Tinbergen. In 1953 he was appointed Professor of Econometrics at the Netherlands School of Economics as successor of Jan Tinbergen. Here he founded th ...
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Econometrics
Econometrics is an application of statistical methods to economic data in order to give empirical content to economic relationships. M. Hashem Pesaran (1987). "Econometrics", '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8–22 Reprinted in J. Eatwell ''et al.'', eds. (1990). ''Econometrics: The New Palgrave''p. 1 p. 1–34Abstract ( 2008 revision by J. Geweke, J. Horowitz, and H. P. Pesaran). More precisely, it is "the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference." An introductory economics textbook describes econometrics as allowing economists "to sift through mountains of data to extract simple relationships." Jan Tinbergen is one of the two founding fathers of econometrics. The other, Ragnar Frisch, also coined the term in the sense in which it is used today. A basic tool for econometrics is the multiple linear regression model. ''Econome ...
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Fellow Of The American Statistical Association
Like many other academic professional societies, the American Statistical Association (ASA) uses the title of Fellow of the American Statistical Association as its highest honorary grade of membership. The designation of ASA Fellow has been a significant honor for nearly 100 years. The number of new fellows per year is limited to one third of one percent of the membership of the ASA. To be selected, nominees must have an established reputation and have made outstanding contributions to statistical science. People named as Fellows are listed below. Fellows 1914 * John Lee Coulter * Miles Menander Dawson * Frank H. Dixon * David Parks Fackler * Henry Walcott Farnam * Charles Ferris Gettemy * Franklin Henry Giddings * Henry J. Harris * Edward M. Hartwell * Joseph A. Hill * George K. Holmes * William Chamberlin Hunt * John Koren * Thomas Bassett Macaulay * S. N. D. North * Warren M. Persons * Edward B. Phelps * LeGrand Powers * William Sidney Rossiter * Charles H. Verrill ...
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2000 Deaths
This is a list of lists of deaths of notable people, organized by year. New deaths articles are added to their respective month (e.g., Deaths in ) and then linked below. 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1991 1990 1989 1988 1987 1986 Earlier years ''Deaths in years earlier than this can usually be found in the main articles of the years.'' See also * Lists of deaths by day * Deaths by year (category) {{DEFAULTSORT:deaths by year ...
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1924 Births
Events January * January 12 – Gopinath Saha shoots Ernest Day, whom he has mistaken for Sir Charles Tegart, the police commissioner of Calcutta, and is arrested soon after. * January 20–January 30, 30 – Kuomintang in China holds its 1st National Congress of the Kuomintang, first National Congress, initiating a policy of alliance with the Soviet Union and the Chinese Communist Party. * January 21 – Alexander Cambridge, 1st Earl of Athlone, The Earl of Athlone is appointed Governor-General of the Union of South Africa, and High Commissioner for Southern Africa.Archontology.org: A Guide for Study of Historical Offices: South Africa: Governors-General: 1910-1961
(Accessed on 14 April 2017)
* January 22 – R ...
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Economic Forecasting
Economic forecasting is the process of making predictions about the economy. Forecasts can be carried out at a high level of aggregation—for example for GDP, inflation, unemployment or the fiscal deficit—or at a more disaggregated level, for specific sectors of the economy or even specific firms. Economic forecasting is a measure to find out the future prosperity of a pattern of investment and is the key activity in economic analysis. Many institutions engage in economic forecasting: national governments, banks and central banks, consultants and private sector entities such as think-tanks, and companies or international organizations such as the International Monetary Fund, World Bank and the OECD. A broad range of forecasts are collected and compiled b"Consensus Economics" Some forecasts are produced annually, but many are updated more frequently. The economist typically considers risks (i.e., events or conditions that can cause the result to vary from their initial estimat ...
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Teun Kloek
Teunis (Teun) Kloek (born 1934) is a Dutch economist and Emeritus Professor of Econometrics at the Erasmus Universiteit Rotterdam. His research interests centered on econometric methods and their applications, especially nonparametric and robust methods in econometrics. Biography Kloek received his PhD in 1966 from the Erasmus University Rotterdam for the thesis "Indexcijfers : enige methodologische aspecten" (Index : some methodological aspects) under supervision of Henri Theil. Kloek was appointed Professor of Econometrics at the Erasmus Universiteit Rotterdam in 1967. With Alexander Rinnooy Kan and later Harm Bart, he was co-director of the Econometric Institute from 1982 to 1992 as successor of Willem Somermeyer and was succeeded by Ton Vorst.Philip Hans Franses (2005) Annual Report 2004: Econometric Institute' p. 7 Since his retirement in 1997 Kloek has been affiliated with the Tinbergen Institute. Some of Kloek's most notable doctoral students were Herman K. van D ...
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Hope College
Hope College is a private Christian liberal arts college in Holland, Michigan, United States. It was originally opened in 1851 as the Pioneer School by Dutch immigrants four years after the community was first settled. The first freshman college class matriculated in 1862, and Hope received its state charter in 1866. Hope College is affiliated with the Reformed Church in America and retains a Christian atmosphere. Its campus is adjacent to the downtown commercial district and has been shared with Western Theological Seminary since 1884. The Hope College campus is located near the eastern shores of Lake Michigan and is 2.5 hours away from two major cities, Chicago and Detroit. History Hope's motto is taken from Psalm 42:6: "Spera in Deo" ("Hope in God"). The college's emblem is an anchor. This is drawn from a speech by Albertus van Raalte, the leader of the community, on the occasion of the founding of the Pioneer School in 1851: "This is my anchor of hope for this people in ...
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Robust Regression
In robust statistics, robust regression seeks to overcome some limitations of traditional regression analysis. A regression analysis models the relationship between one or more independent variables and a dependent variable. Standard types of regression, such as ordinary least squares, have favourable properties if their underlying assumptions are true, but can give misleading results otherwise (i.e. are not robust to assumption violations). Robust regression methods are designed to limit the effect that violations of assumptions by the underlying data-generating process have on regression estimates. For example, least squares estimates for regression models are highly sensitive to outliers: an outlier with twice the error magnitude of a typical observation contributes four (two squared) times as much to the squared error loss, and therefore has more leverage over the regression estimates. The Huber loss function is a robust alternative to standard square error loss that r ...
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Theil–Sen Estimator
In non-parametric statistics, the Theil–Sen estimator is a method for robustly fitting a line to sample points in the plane (simple linear regression) by choosing the median of the slopes of all lines through pairs of points. It has also been called Sen's slope estimator, slope selection, the single median method, the Kendall robust line-fit method, and the Kendall–Theil robust line. It is named after Henri Theil and Pranab K. Sen, who published papers on this method in 1950 and 1968 respectively,; and after Maurice Kendall because of its relation to the Kendall tau rank correlation coefficient. Theil–Sen regression has several advantages over Ordinary least squares regression. It is insensitive to outliers. It can be used for significance tests even when residuals are not normally distributed. It can be significantly more accurate than non-robust simple linear regression (least squares) for skewed and heteroskedastic data, and competes well against least squares ...
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:en:Frank Cowell
Frank Alan Cowell is a professor of economics at the London School of Economics and Political Science. His work includes important contributions to the fields of income and wealth distribution, inequality, poverty and taxation. Biography Cowell was educated at Ardingly College before entering Trinity College, Cambridge where he completed his BA (1971), MA (1975) and PhD (1977) in Economics. Cowell was briefly Lecturer in Economics at University of Keele before moving to LSE in 1977. He was also Associate Editor of the ''Journal of Public Economics'' from 1988 until 2001. Cowell is the former editor of ''Economica'', a former associate editor of ''Hacienda Pública Española/Revista de Economia Publica'', and the editor-in-chief of the '' Journal of Economic Inequality''. He is also the Director of Distributional Analysis Research Programme at the Suntory-Toyota International Centre for Economics and Related Disciplines. He has an h-index of 55 according to Google Scholar. Sel ...
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Serge-Christophe Kolm
Serge-Christophe Kolm (born December 1932) is a French economist. His work in economics and related social science includes his analyses, concepts and results in Public Economics and Normative Economics (hence also social ethics and political philosophy) focusing on equality, distributive justice, and efficiency of economic measures, and in other fields and problems often applying them. Biography Born in Paris in December 1932, Serge Kolm studied at the Ecole Polytechnique where his rank permitted him to join the civil service body of the Corps des Ponts et Chaussées (which has a long tradition of applied and theoretical economic research). He worked in Africa, heading water and river basin management in the Sahel region and setting up development plans for the new independent post-colonial states. He held teaching and research positions in France ( Ecole des Hautes Etudes en Sciences Sociales, Ecole Nationale de la Statistique et de l'Administration Economique, Ecole Natio ...
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Entropy
Entropy is a scientific concept, most commonly associated with states of disorder, randomness, or uncertainty. The term and the concept are used in diverse fields, from classical thermodynamics, where it was first recognized, to the microscopic description of nature in statistical physics, and to the principles of information theory. It has found far-ranging applications in chemistry and physics, in biological systems and their relation to life, in cosmology, economics, sociology, weather science, climate change and information systems including the transmission of information in telecommunication. Entropy is central to the second law of thermodynamics, which states that the entropy of an isolated system left to spontaneous evolution cannot decrease with time. As a result, isolated systems evolve toward thermodynamic equilibrium, where the entropy is highest. A consequence of the second law of thermodynamics is that certain processes are irreversible. The thermodynami ...
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