This book presents recent research on robustness in econometrics. Robust data processing
techniques - i.e. techniques that yield results minimally affected by outliers - and their
applications to real-life economic and financial situations are the main focus of this book.
The book also discusses applications of more traditional statistical techniques to econometric
problems.Econometrics is a branch of economics that uses mathematical (especially statistical)
methods to analyze economic systems to forecast economic and financial dynamics and to
develop strategies for achieving desirable economic performance. In day-by-day data we often
encounter outliers that do not reflect the long-term economic trends e.g. unexpected and
abrupt fluctuations. As such it is important to develop robust data processing techniques that
can accommodate these fluctuations.
