Essentials of Econometrics

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9780070251946: Essentials of Econometrics

An introduction to econometrics and its applications. The text emphasizes the intuition behind econometric analysis and contains examples from economics, finance, marketing and management to explain concepts.

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From the Publisher:

New Chapter 15 covering simultaneous equation models. The key concepts of the simultaneity problem, the identification problem, indirect least-squares (ILS) and two-stage least-squares (2SLS) are introduced.
An appendix to Chapter 1 provides a list of web sites directing the student to a variety of economic data.
Chapter 3 now covers bootstrap sampling. Monte Carlo (simulation) experiments are introduced in extending the discussion of the sampling, or probability, distribution of a random variable and the Central Limit Theorem (CLT).
Chapter 11 on heteroscedasticity includes White's general test of heteroscedasticity and White's heteroscedasticity-corrected standard errors and t-statistics.

· Chapter 14, Selected Topics in Single Regression includes spurious regression, the unit root text of nonstationarity and random-walk models.
Data Disk included in text
Answers to odd-numbered problems included in text.
Introduces econometrics to the beginner in a relaxed but informative style.
Very little algebra or calculus used. Only very easy proofs used.

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Damodar N. Gujarati
Published by Mcgraw-Hill College (1992)
ISBN 10: 0070251940 ISBN 13: 9780070251946
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