Theory of Econometrics
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Theory of Econometrics: An Introductory Exposition of Economic Methods(English Language Book Society student editions)

Theory of Econometrics: An Introductory Exposition of Economic Methods(English Language Book Society student editions)

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About the Book

Most textbooks of econometrics either are too advanced for the majority of students or achieve simplicity by omitting many essential topics. In this book the author has simplified the mathematical presentation of the econometric models while providing a comprehensive treatment of the subject. The text is divided into three parts. Part 1 begins with a brief discussion of the procedure that must be followed in any applied econometric research. It then examines the theory of correlation and the simple linear regression model, and develps the method of analysis of variance and its use with regression analysis. Part 2 is devoted to the assumptions of the linear regression model, their implications for the values of the parameters of the economics relations, their tests and the corrrective action to take when they are violated. Part 3 deals with models of simultaneous relationships. The appendix includes examples and questions relating to economic applications.

Table of Contents:
PART I CORRELATION THEORY - THE SIMPLE LINEAR REGRESSION MODEL: Definition, Scope and Division of Econometrics; Methodology of Econometric Research; Correlation Theory; The Simple Linear Regression Model: The Ordinary Least Squares Method (OLS); Statistical Tests of Significance of the Estimates; Properties of the Least Square Estimates; Multiple Regression and other Extension of the Simple Linear Regression Model; Regression and Analysis of Variants. PART 2 ECONOMETRIC PROBLEMS; SECOND-ORDER TESTS OF THE ASSUMPTIONS OF THE LINEAR REGRESSION MODEL: The Assumptions of Randomness, Zero-mean, Constant Variants and Normality of the Disturbance Variable v Autocorrelation; Multicolinearity; Errors in Variables, Time as a Variable, Dummy Variables, Grouped Data; Lagged Variables and Distributed Lag Models. PART 3 MODELS OF SIMULTANEOUS RELATIONSHIPS: Simultaneous-Equation Models; Identification; Simultaneous-Equation Methods; Mixed Estimation Methods: the Method of Principal Components; Maximum Likelihood Methods; 3-Stage Least Squares; Testing the Forecasting Power Of an Estimated Model; Choice of Econometric Technique; Monte Carlo Studies.


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Product Details
  • ISBN-13: 9780333442838
  • Publisher: Palgrave Macmillan
  • Publisher Imprint: Palgrave MacMillan
  • Height: 234 mm
  • Sub Title: An Introductory Exposition of Economic Methods
  • Width: 156 mm
  • ISBN-10: 0333442830
  • Publisher Date: 16 Feb 1987
  • Binding: Paperback
  • Series Title: English Language Book Society student editions
  • Weight: 918 gr


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