SUBSCRIBE TO TMCnet
TMCnet - World's Largest Communications and Technology Community

TMCNet:  IHS Establishes IHS/Dr. Lawrence Klein Fellowship at the Wharton School to Support MBA Students

[March 12, 2014]

IHS Establishes IHS/Dr. Lawrence Klein Fellowship at the Wharton School to Support MBA Students

ENGLEWOOD, Colo. --(Business Wire)--

IHS (News - Alert) Inc. (NYSE: IHS), the leading global source of information and analytics, today announced that it has established the IHS/Dr. Lawrence Klein Annual MBA Fellowship Fund at the Wharton School of the University of Pennsylvania. The fund will provide $25,000 a year to an MBA graduate student or students with an interest in Finance and/or Analytical Modeling at the Wharton School.

IHS established this fund to honor the memory and contributions of Dr. Lawrence Klein, a former Wharton and Penn professor, Nobel (News - Alert) laureate and pioneer in econometric forecasting, who died in October 2013. Dr. Klein rose to prominence for his work studying the macro economy and developing statistical models to predict future economic conditions. Dr. Klein built the first forecasting model of the United States economy in 1946. Using this model, he correctly predicted the post-World War II boom at a time when most economists were convinced that the U.S. was headed for a recession.

In 1963, he founded Wharton Econometric Forecasting Associates, which later joined with DRI, launching the modern economic forecasting industry more than 50 years ago. That economic forecasting expertise today is a core capability of IHS, which is the leading source of information, analytics and expertise in critical areas that shape today's global landscape, serving businesses and governments in more than 165 countries.

"IHS is pleased to offer this Fellowship in memory of Dr. Klein and the significant contributions he made in introducing the important discipline of macroeconomicforecasting to the world," said Scott Key, IHS president and chief executive officer. "It is our hope that the fellowship will open doors for Wharton MBA students who will go on to meet the global economics challenges of the future and carry on in the spirit of Dr. Klein."


In 1980, Dr. Klein was awarded the Nobel Prize in economics "for the creation of econometric models and the application to the analysis of economic fluctuations and economic policies." Dr. Klein's work stimulated research on econometric forecasting models that could be used for the practical analysis of economic policies. The 1980 Nobel press release read: "Few, if any, research workers in the empirical field of economic science have had so many successors and such a large impact as Lawrence Klein." His work inspired models that are still employed by the Federal Reserve, the International Monetary Fund and the World Bank, among others.

About IHS (www.ihs.com)

IHS (NYSE: IHS) is the leading source of information, insight and analytics in critical areas that shape today's business landscape. Businesses and governments in more than 165 countries around the globe rely on the comprehensive content, expert independent analysis and flexible delivery methods of IHS to make high-impact decisions and develop strategies with speed and confidence. IHS has been in business since 1959 and became a publicly traded company on the New York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs approximately 8,000 people in 31 countries around the world.

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. Copyright © 2014 IHS Inc. All rights reserved.

About The Wharton School (www.wharton.upenn.edu)

Founded in 1881 as the first collegiate business school, the Wharton School of the University of Pennsylvania is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education. With a broad global community and one of the most published business school faculties, Wharton creates economic and social value around the world. The School has 5,000 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 participants in executive education programs annually and a powerful alumni network of 92,000 graduates.


[ Back To Technology News's Homepage ]

OTHER NEWS PROVIDERS







Technology Marketing Corporation

800 Connecticut Ave, 1st Floor East, Norwalk, CT 06854 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments: tmc@tmcnet.com.
Comments about this site: webmaster@tmcnet.com.

STAY CURRENT YOUR WAY

© 2014 Technology Marketing Corporation. All rights reserved.