Microeconometrics in Business Management

<p>This book introduces the application of microeconometric methods for modelling various aspects of economic activity for small to large size enterprises, using methods that are based on both time-series and cross-section approaches. The information obtained from using these estimated models can then be used to inform business decisions that improve the efficiency of operations and planning.</p> <p>Basic models used in the modelling of the business (single-equation and multiple-equation systems) are introduced whilst a wide range of economic activity including major aspects of financial management, demand for labour, administrative staff and labour productivity are also explored.</p> <p><i>Microeconometrics in Business Management</i>:</p> <ul> <li>Introduces econometric methods which can be used in the modelling of economic activity and forecasting, to help improve the efficiency of business operations and planning.</li> <li>Describes econometric entities through multiple-equation and single-equation microeconometric models.</li> <li>Explores the process of building and adapting basic microeconometric tools.</li> <li>Presents numerous micromodels based on time-series data and statistical cross-sectional sequences, which can be used in any enterprise.</li> <li>Features numerous real –world applications along with examples drawn from the authors own experience.</li> <li>Is supported by a companion website featuring practice problems and statistical data to aid students to construct and estimate micro models.</li> <li>Features end of chapter exercises with examples present in free software GRETL.</li> </ul> <p>This book serves as a valuable resource for students, business management practitioners and researchers in econometric micro-model construction and various decision-making processes.</p>