AVE and ACOR Criteria. A New Proposal

Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 16)


In the light of our discussions in previous Chapters, we are now going to introduce a new model selection procedure. This new procedure is obtained by using, on the one hand, the basic principles distilled from the philosophy of science in Chapter 1 and, on the other, some ideas put forward in Econometrics to evaluate model performance, these ideas having already been surveyed in Chapters 3, 4 and 5.


Prediction Error Loss Function Informative Content Restricted Model Previous Chapter 
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Copyright information

© Springer Science+Business Media Dordrecht 1989

Authors and Affiliations

  1. 1.University of ZaragozaSpain

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