Clarke, Bertrand; Clarke, Jennifer; Yu, Chi Wai - In: Econometric Reviews 33 (2014) 1-4, pp. 337-371
We begin by recalling the tripartite division of statistical problems into three classes, M-closed, M-complete, and M-open and then reviewing the key ideas of introductory Shannon theory. Focusing on the related but distinct goals of model selection and prediction, we argue that different...