Statistics and Econometrics: Methods and ApplicationsEvery major econometric method is illustrated by a persuasive, real life example applied to real data. * Explores subjects such as sample design, which are critical to practical application econometrics. |
Contents
Contents | 1 |
Basic Probability Theory | 9 |
2 Me? Cheat? I Would Never Do or | 20 |
Copyright | |
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alternative APPLICATION associated assume assumptions average B₁ basic outcomes bias calculate Chapter confidence interval consider constant covariance critical value define dependent variable derived discrete random variable dummy variable earnings econometrics economic endogenous equal equation error term esti event expected value explanatory variables fixed effects gender given graph heteroskedasticity hypothesis tests impact income independent indicates individual instrumental variables intercept linear measurement error Notice null hypothesis observations occur OLS estimators omitted-variable bias ordinary least squares P₁ particular population mean population parameter predicted probability density function probability distribution problem properties reduced-form reject the null relationship sample mean sample space sampling distribution serial correlation simply slope coefficient specific ẞ₁ standard deviation standard errors statistic tion true typically unbiased estimator var(X var(Y variance wages wine Y₁ yields zero β₁ βι βο μχ σχ