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• 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...

• 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 ele...

• 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 ty...

• 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...

• Econometrics: Choosing the Functional Form of Your

In econometrics, the standard estimation procedure for the classical linear regression model, ordinary least squares (OLS), can accommodate complex re...

• Working with Special Dependent Variables in Econom

Many economic phenomena are dichotomous in nature; in other words, the outcome either occurs or does not occur. Dichotomous outcomes are the most comm...

• Typical Problems Estimating Econometric Models

If the classical linear regression model (CLRM) doesn’t work for your data because one of its assumptions doesn’t hold, then you have to a...

• Econometric Estimation and the CLRM Assumptions

Econometric techniques are used to estimate economic models, which ultimately allow you to explain how various factors affect some outcome of interest...

• Econometric Analysis: Looking at Flexibility in Mo

You may want to allow your econometric model to have some flexibility, because economic relationships are rarely linear. Many situations are subject t...

• Useful Formulas in Econometrics

After you acquire data and choose the best econometric model for the question you want to answer, use formulas to produce the estimated output. In som...