Introduction to EconometricsThis introductory text outlines the basic concepts and tools of econometrics. Actual data are included in the cases and problems found in each chapter. These cases apply data from many global sources. |
Contents
Statistical Background and Matrix Algebra | 11 |
3 | 49 |
Simple Regression | 59 |
Copyright | |
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2SLS analysis assumptions asymptotic autocorrelation autoregressive B₁ B₁x B₂ Chapter cointegration compute confidence interval consider constant term D₁ defined degrees of freedom demand function denote dependent variable dummy variables Econometrica Econometrics economic endogenous error term estimator of ẞ exogenous variables explanatory variables given Hence heteroskedasticity Illustrative Example income instrumental variable least squares estimators linear probability model logit model matrix mean method multicollinearity multiple regression n₂ normal distribution Note null hypothesis ô² observations obtained OLS estimation parameters plim probit problem procedure random variable regression coefficients regression equation regression model regressors relationship residual sum sample serial correlation significance level simple regression ẞx standard errors suggested sum of squares supply function Suppose t-ratios Table test statistic tion u₁ unbiased uncorrelated unit root vectors x₁ x²-distribution y₁ y₂ z₁ zero σ²