ARC Discovery Project

Australian Research Council

Bayesian Inference for Flexible Parametric Multivariate Econometric Modelling

Dr R Gerlach; Prof MS Smith

Operations Management and Econometrics

Project Summary

The anticipated outcomes include the development of enhanced multivariate econometric models and innovative computationally intensive methods for their estimation. These models are used in numerous and diverse applications which are data intensive and where more complete models will greatly enhance data based decision making. Results include improved information use in the wholesale electricity markets, in financial market investment decision making and for the assessment of the impact of internet advertising.

2009 :$  50,000
2010 :$  48,000
2011 : $  50,000