Econometrics For Dummies Extras

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Ten Practical Applications of Econometrics

Economists apply econometric tools in a variety of specific fields (such as labor economics, development economics, health economics, and finance) to shed light on theoretical questions. They also use [more…]

Specifying Your Econometrics Regression Model

In econometrics, the regression model is a common starting point of an analysis. As you define your regression model, you need to consider several elements: [more…]

Econometrics: Choosing the Functional Form of Your Regression Model

In econometrics, the standard estimation procedure for the classical linear regression model, ordinary least squares (OLS), can accommodate complex relationships. Therefore, you have a considerable amount [more…]

Working with Special Dependent Variables in Econometrics

Many economic phenomena are dichotomous in nature; in other words, the outcome either occurs or does not occur. Dichotomous outcomes are the most common type of discrete or qualitative dependent variables [more…]

How to Choose a Forecasting Method in Econometrics

In econometrics, the procedure used for forecasting can be quite varied. If historical data is available, forecasting typically involves the use of one or more quantitative techniques. If historical data [more…]

Econometrics For Dummies Cheat Sheet

You can use the statistical tools of econometrics along with economic theory to test hypotheses of economic theories, explain economic phenomena, and derive precise quantitative estimates of the relationship [more…]

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