Econometric Sourcebook |
Contents
Lesson | 1 |
Estimators and Estimates | 7 |
Justification for the Random Error Term | 15 |
Copyright | |
32 other sections not shown
Common terms and phrases
actual adjustment argument assets associated assumed assumption average Bank base Business capital computed consistent constant consumer consumption function consumption spending cost course demand dependent derived determined develop discussed distribution Dollars econometric econometrician economic economists empirical equal Equation equilibrium estimate examine example EXERCISE expectations expected value explain Figure final gives growth hypothesis important included income increase independent variable indicate industry inflation interest investment issues labor Lesson linear mean measure Note observed ordinary least-squares output parameters period Personal polynomial probability problem production question random error term random variable regression relationship residuals rules sample seasonal shown shows simple specification squared standard statistical structure student summation supply theory tion true unemployment usually values variance wage weighted Write