2nd Gretl Conference

Eng.Nicolaus Copernicus University, Faculty of Economic Sciences and Management, Department of Econometrics and Statistics and Toruń School of Banking are pleased to invite for  2^nd Gretl Conference held at The Faculty of Economic Sciences and Management of Nicolaus Copernicus University, between 16-17 June 2011, Toruń, Poland.

Tr.Nicolaus Kopernik Üniversitesi, İktisadi ve İdari Bilimler Fakültesi, Ekonometri ve İstatistik Bölümü ve Toruń Bankacılık Okulu 16-17 Haziran 2011 tarihleri arasında Nicalus Kopernik Universitesi, İktisadi ve İdari Bilimler Fakültesi, Toruń, Polonya'da yapılacak olan 2.Gretl konferansına davet etmekten memnuniyet duyar.

Major crisis still ahead, past one was minor/Büyük krizler hala önümüzde, geçen kriz küçüktü.

Eng.Senior Research Scholar at Yale University Immanuel Wallerstein believes that the real economic crisis is still up ahead. According to Wallerstein, last years collapse was its minor version. For further readings you can have a look to his offical web site http://www.iwallerstein.com

Tr.Yale Üniversitesinden Kıdemli Araştırmacısı Immanuel Wallerstein, gerçek ekonomik krizin hala önümüzde olduğuna inanıyor.Wallerstein'a göre son yılların çöküşü gerçek ekonomik krizin yalnızca küçük bir uyarlamasıydı. Daha ileri okumalar için http://www.iwallerstein.com resmi internet sitesine bakabilirsiniz.

Erratum For The 5th Edition Of William Greene's Econometric Analysis

In William Greene's favorite book "Econometric Analysis, 5e" , the ACF and PACF calculations reported for Table 20.1 were incorrect. Using the same data, i posted the true calculations to Mr.Greene. And Mr.Greene posted my corrections kindly on ERRATA and DISCUSSION web page of his book.

My Article "Application Of Maksimum Entropy In Portfolio Selection" is published in Journal of the School of Business Administration, Istanbul University

In this paper, mean-variance-skewness (MVS) model is proposed first for optimal portfolio selection from financial assets, and then mean-variance-skewness-entopy (MVSE) model by adding entropy measure is proposed in order to obtain well diversified portfolio. In MVS and MVSE, Pearson skewness measure which is robust and easy to calculate than traditional skewness measures is used. Both models are used in IMKB-30 for portfolio selection and the results are compared with Markowitz mean-variance (MV) model. It is showed that more efficient portfolios can be selected by MVS model than MV model.