Basic EconometricsIntroducing econometrics; Facts and theories; Measuring linear relationships; The econometric approach; Statistical inference; Econometrics. |
Contents
Introduction | 7 |
Measuring linear relationships | 32 |
The econometric approach | 67 |
Copyright | |
9 other sections not shown
Common terms and phrases
100 samples â and ẞ actually applied asymptotic best linear unbiased bias calculated Chapter column compute consider consistent estimator defined density function dependent discussion Durbin-Watson statistic E[Yk economic error term Exercise exogenous variables expectation expenditure explanatory variables follows forecasting given Hence heteroskedasticity household hypothesis testing indirect least squares instrumental variable least squares estimators least squares line maintained hypothesis maximum likelihood estimators mean squared error method monte carlo experiment national income normally distributed Note null hypothesis observations obtained ordinary least squares particular prediction problem procedure properties random variable reader reduced form equations reduced form parameters regression reject sampling distribution serial correlation small sample specification error ẞX stage least squares standard model statistic stochastic structural equations theorem tion true Type I Errors unbiased and consistent VAR[B VAR[X variance X₁ Y₁ zero Σ Χ σ² ΣΧ