Modelling Our Changing World

Economists and scientists who work with data that keeps shifting will find the methods in this open access volume useful. David F. Hendry explains the principles, instruments and approaches required to build reliable models of time-series data whose behaviour changes over time. He argues that the complicated nature of today's world calls for models flexible enough to capture such complexity.

The book shows these techniques at work on problems that matter to the planet and its inhabitants. Case studies range from predicting volcanic eruptions and tracking carbon dioxide emissions and global temperatures to analysing unemployment, wage inflation and population growth.

The work is released under a Creative Commons Attribution 4.0 International License, which permits commercial use. Rights not granted by that license remain with the author.