<P>Haavelmo¿s 1944 monograph, <EM>The Probability Approach in Econometrics</EM>, is widely acclaimed as the manifesto of econometrics. This book challenges Haavelmo¿s probability approach, shows how its use is delivering defective and inefficient results, and argues for a paradigm shift in econometrics towards a full embrace of machine learning, with its attendant benefits.</P><P>Machine learning has only come into existence over recent decades, whereas the universally accepted and current form of econometrics has developed over the past century. A comparison between the two is, however, striking. The practical achievements of machine learning significantly outshine those of econometrics, confirming the presence of widespread inefficiencies in current econometric research. The relative efficiency of machine learning is based on its theoretical foundation, and particularly on the notion of Probably Approximately Correct (PAC) learning. Careful examination reveals that PAC learning theor
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<p>Melissa Wareham loved her job at Battersea Dogs & Cats Home, caring for lost and abandoned animals. When Gus - elderly, smelly and poorly - arrives at the Home one day, she knows that she has found the dog for her - and that he has found...
kr 169.00
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The Satyr was devised for revenge - a man-like creature fashioned in the deepest vaults of a far off kingdom and possessed of the darkest and most basic sexual appetites. A creature that would show neither mercy nor pity to his unsuspecting quarry - for...
kr 99.00
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A brand-new adventure about animals and friendship. From the legendary author of the bestselling Frankie Foster series, Jean Ure.Eleven-year-old best friends, Hannah and Katy LOVE animals. Every weekend, they learn to ride at Mrs Foster¿s Riding School,...
kr 129.00
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