Guy Henderson Orcutt (July 5, 1917 – March 5, 2006) was an American
econometrician
Econometrics is the application of statistical methods to economic data in order to give empirical content to economic relationships.M. Hashem Pesaran (1987). "Econometrics," '' The New Palgrave: A Dictionary of Economics'', v. 2, p. 8 p. 8†...
. He was a long-time faculty member at the
University of Wisconsin–Madison
A university () is an educational institution, institution of higher education, higher (or Tertiary education, tertiary) education and research which awards academic degrees in several Discipline (academia), academic disciplines. Universities ty ...
, and is known for developing the
Cochrane–Orcutt estimation Cochrane–Orcutt estimation is a procedure in econometrics, which adjusts a linear model for serial correlation in the error term. Developed in the 1940s, it is named after statisticians Donald Cochrane and Guy Orcutt.
Theory
Consider the mode ...
procedure.
A native of
Michigan
Michigan () is a state in the Great Lakes region of the upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the 10th-largest state by population, the 11th-largest by area, and the ...
, Orcutt earned his bachelor's, master's and doctorate degree from the
University of Michigan
, mottoeng = "Arts, Knowledge, Truth"
, former_names = Catholepistemiad, or University of Michigania (1817–1821)
, budget = $10.3 billion (2021)
, endowment = $17 billion (2021)As o ...
.
In 1959 he was elected as a
Fellow of the American Statistical Association
Like many other academic professional societies, the American Statistical Association (ASA) uses the title of Fellow of the American Statistical Association as its highest honorary grade of membership. The number of new fellows per year is limited ...
.
View/Search Fellows of the ASA
, accessed 2016-07-23.
References
External links
*
1917 births
2006 deaths
20th-century American economists
Distinguished Fellows of the American Economic Association
Fellows of the American Statistical Association
Fellows of the Econometric Society
Harvard University faculty
Time series econometricians
University of Michigan alumni
University of Wisconsin–Madison faculty
{{US-economist-stub