Essentials of Applied Econometrics

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Univ of California Press, Nov 8, 2016 - Business & Economics - 240 pages
"Essentials of Applied Econometrics gives students and professionals the tools they need to do econometric analysis in a world in which more data surround us every day and in which econometrics is put to a diversity of uses. Vivid examples and data from a variety of real-world sources are used to teach best practices and state-of-the-art techniques. This book differs from traditional textbooks that assume the only goal of econometrics is to estimate causal effects and that confound sampling theory with causal analysis. It begins with sampling theory - how to use a sample to make inferences about a whole population. Then, in the last two chapters, it addresses causality as a distinct topic. In between, it covers the gambit of topics essential for doing econometrics, including properties of estimators, hypothesis testing, nonlinear relationships, heteroskedasticity, serial correlation, and sampling bias. This book covers essential theory but with an emphasis on the best practices for estimating econometric models. The text is succinct, written for students and professionals interested in continuing their econometric education"--Provided by publisher.
 

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Contents

Introduction to Econometrics
2
Simple Regression
19
Multiple Regression
33
Generalizing from a Sample
51
Properties of Our Estimators
65
6
83
8
121
Correlated Errors Assumption CR3
137
Fixing Autocorrelation
146
Sample Selection Bias Assumption
193
Critical Values for Commonly
215
Notes
221
Copyright

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About the author (2016)

Aaron Smith is Professor of Agricultural and Resource Economics at the University of California, Davis. His research focuses on government policy, prices, and trading in agricultural, energy, and financial markets. His research has won the awards for Quality of Communication, Quality of Research Discovery, and Outstanding American Journal of Agricultural Economics Article, all from the Agricultural and Applied Economics Association (AAEA).

J. Edward Taylor is Professor of Agricultural and Resource Economics at the University of California, Davis. He has published more than 130 articles, book chapters, and books on topics ranging from international trade to ecotourism, immigration, and rural poverty. He has won research awards from the AAEA and teaching awards from UC Davis. He is listed in Who's Who in Economics as one of the world's most cited economists. A former editor of the American Journal of Agricultural Economics, he has worked on projects with the United Nations, the World Bank, and other agencies, as well as a number of foreign governments.

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