Building Better Econometric Models Using Cross Section and Panel Data (Economics Collection) - Softcover

Jeffrey A. Edwards (author)

 
9781606499740: Building Better Econometric Models Using Cross Section and Panel Data (Economics Collection)
Softcover
ISBN 10: 1606499742 ISBN 13: 9781606499740
Publisher: Business Expert Press, 2014

Synopsis

Many empirical researchers yearn for an econometric model that better explains their data. Yet these researchers rarely pursue this objective for fear of the statistical complexities involved in specifying that model. This book is intended to alleviate those anxieties by providing a practical methodology that anyone familiar with regression analysis can employ-a methodology that will yield a model that is both more informative and is a better representation of the data. This book outlines simple, practical procedures that can be used to specify a model that better explains the data. Such procedures employ the use of purely statistical techniques performed upon a publicly available data set, which allows readers to follow along at every stage of the procedure. Using the econometric software Stata (though most other statistical software packages can be used as well), this book demonstrates how to test for model misspecification and how to respecify these models in a practical way that not only enhances the inference drawn from the results, but adds a level of robustness that can increase the researcher's confidence in the output generated. By following this procedure, researchers will be led to a better, more finely tuned empirical model that yields better results.

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About the Author

Jeffrey A. Edwards, Greensboro, NC, Professor of Economics, North Carolina A&T State University

"About this title" may belong to another edition of this title.

Publisher
Business Expert Press
Publication date
2014
Language
English
ISBN 10 
1606499742
ISBN 13 
9781606499740
Binding
Paperback
Number of pages
100