Herman Wold, Date of Birth, Place of Birth, Date of Death

    

Herman Wold

Swedish economist

Date of Birth: 25-Dec-1908

Place of Birth: Skien, Eastern Norway, Norway

Date of Death: 16-Feb-1992

Profession: mathematician, economist, university teacher, statistician

Nationality: Sweden

Zodiac Sign: Capricorn


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About Herman Wold

  • Herman Ole Andreas Wold (25 December 1908 – 16 February 1992) was a Norwegian-born econometrician and statistician who had a long career in Sweden.
  • Wold was known for his work in mathematical economics, in time series analysis, and in econometric statistics. In mathematical statistics, Wold contributed the Cramér–Wold theorem characterizing the normal distribution and developed the Wold decomposition in time series analysis.
  • In microeconomics, Wold advanced utility theory and the theory of consumer demand.
  • In multivariate statistics, Wold contributed the methods of partial least squares (PLS) and graphical models.
  • Wold's work on causal inference from observational studies was decades ahead of its time, according to Judea Pearl.

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