Application of topology???

[mhtkhan]

Hi, I'm an undergraduate student studying mathematics. My topology course teacher has given me an assignment on the application of topology on econometrics. He said he's not gonna anything about econometrics (I don't have that in my syllabus), I'll have to do it on my own.

So can u tell me why exactly topology is read in the study of econometrics???

[lime]

Good teacher. As for application, I suspect it might be something like continuous mappings in evaluating businesses.

[walt526]

I would suggest posting this topic in PhD Econ that is frequented by advanced undergraduates, grad students, and even some faculty. It's a fairly advanced topic (i.e., wouldn't be covered in the typical intro to econometrics course).

Econometric analysis often involves the analysis of spatially distributed events/phenomena using spatial Gaussian fields (it makes the analysis relatively simple). It's used mostly for regional economics.

This book has been recommended to me as an intro to spatial econometrics, although I haven't read it yet:
Amazon.com: Spatial Econometrics: Statistical Foundations and Applications to Regional Convergence (Advances in Spatial Science): Giuseppe Arbia: Books

[lime]

Thanks for the book recommendation. Sounds good to read it!