Essentials of Econometrics

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9780071225410: Essentials of Econometrics

A user-friendly introduction to econometric theory and techniques, especially linear regression analysis. Extensive examples, careful explanations, and a wide variety of problem material enable students to understand the econometric techniques. Includes disk.

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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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Published by McGraw-Hill Education; 2Rev Ed edition, Book
ISBN 10: 0071225412 ISBN 13: 9780071225410
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