Econometrics Knowledge Base
Econometrics? I have to do a research project this semester in Econometrics and I need help picking a topic. The ideas I had seem a bit too hard and I now would like to try and find an economic theory that can easily be tested or discredited using data. I have already read about.com's ideas about Okun's Law and the prime rate and consumption and would like to try something different than those. I am looking for a well-known theory that I can apply econometrics to easily. PLease help!
econometrics? how do I use weighted least squares method if the variance is given by x*sigmasquare? Answer if you have any idea plz!!
What's the difference between Econometrics and Statistics? On first glance at its table of contents, an Econometrics textbook seems to be similar to a Mathematical Statistics / Statistics with Calculus textbook. What else is the difference between Econometrics and Statistics aside from Econometrics is a form of applied statistics and econometrics uses economic data.
Econometrics or Statistics which is more important for economics majors? I am majoring in economics and I am left with a choice between intro econometrics and intro statistics ll. Which is more important for economics major? I have done first intro level of statistics. I don't care which one is easier. I just want to take something that will help me become a better economist. I see alot of 4th year courses that require econometrics as prerequisite and I am wondering if that's what I should be taking.
Why is econometrics so important within economics? I'm studying economics at university, and my university seems to be one of the very few that does not require you to study econometrics for admission to postgraduate programmes. But most others I've looked at do. Why is econometrics so important and how can it be applied?
What should my empirical project in econometrics be on? I'm taking an econometrics course where we have to do an empirical project on the effect of x on y. My professor said that it can be strict economics such as "What is the effect of the inflation rate on people's earnings?" or it can be kind of fun, such as "What is the effect of cold weather on the birth rate nine months later?". Does anyone have any suggestions?
Is public finance or econometrics a better elective to take? I'm an accounting major. Econometrics is a high 300 level course while public finance (another economics course) is the lower 300's and easier. The public finance course consist of the spending and taxation of public schools, social security, healthcare, environment and tax systems, according to the school catalog.
What is the application of topology in econometrics? Hi, I'm an undergraduate student studying mathematics. My topology course teacher has given me an assignment on the application of topology on econometrics. He said he's not gonna say anything about econometrics (I don't have that in my syllabus), I'll have to do it on my own. So can u tell me why exactly topology is read in the study of econometrics???
Is econometrics a difficult to understand? I've never really heard of econometrics and I was wondering if anyone could give it a level of difficulty from 1-10 comparing it to single variable calculus or some other class. thanks,
How do i solve this econometrics problem of heteroskedasticity? Consider the following simple savings model: saving = b +b1 income + u (*) ( | ) Var (u/ income) =(SXincome) (**) Since the variance of u is different for different values of income, there is heteroskedasticity. Transform the population model above, i.e., transform (*) to get a model in which the error terms have constant variance, i.e., they are homoskedastic.
Does anyone know of any good websites that can help me in Econometrics? i am a student who has Econometrics as a subject. i am facing difficulties with it and need any help i can get. TQ. i am a student who has Econometrics as a subject. i am facing difficulties with it and need any help i can get. TQ. i am using a textbook from Christopher Dougherty. i need to know how to solve Econometrics examination problems. i need to know how to solve quantitative questions. TQ.
Should I Stay in my Econometrics Course? This is the only time my department will offer a course in Econometrics before I graduate, and from what other Economics professors have told me, this course is very important for Economics majors to take. However, I haven't taken Calculus or Statistics yet, but I am willing to teach myself the material on my own. Should I drop Econometrics or stay in it and just work hard? I don't plan to go to grad school, but I really do want to learn Econometrics. What should I do?
What should I read to understand Econometrics? I'm currently in a Masters of Public Policy program, and I'm suffering in econometrics. The professor has been little help, so I'm more or less on my own to figure it out. Are there any books that can start me off? I only have a basic grasp of calculus(my focus has been mostly political science with a dash of microeconomics).
In Econometrics f-test what does the k stand for in the equation and what is it and why in this question? Using ten years of monthly data a researcher uses Ordinary Least Squares regression analysis to estimate the relationship between the return on a stock, the FTSE Allshare Index and the Dividend Yield on the company. The following equation is reported (the standard errors of the coefficient estimates are given in brackets); lnR = -0.00256 + 0.60214 lnFTSE – 0.09321 lnDIVY (0.0321) (0.0832) (0.0310) Using the equation F = (Rsquared/k-1) / (1-Rsquared/n-k) Thank you
econometrics multiple regression, does it matter if i remove the constant? have problems with a final regression i have constructed, all my variable individually are significant at the 5% level however when i bring them together they become insignificant, i have removed one variable which got rid of most of the multcollineararity that create the problem but i still have ones variable which is being made insignificant by the constant in my regression so what i'm asking is if i remove the constant to make all the variables significant does it mean anything am i breaking some kind of rule?
i have to come up with a model for my econometrics project. is this correct? causes of unemployment = [ real wage unemployment, stuctural unemployment, frictional unemployment, demand deficient unemployment, hidden unemployment]. if that isn't correct cld u suggest on how i can improve the model? and if it is correct cld u suggest where i can get the info? the model can be based on any country i like. thanks a bunch!
Shot in the dark. Anyone good with econometrics? I'm looking at a multiple regression model using natural logarithms for the x's. I understand what the betas mean (they are the elasticities), except for beta-1 (b1-the intercept). Here's the equation: yi=b1+b2*ln(xi2)+b3*ln(xi3)+...+b7*ln(xi7)+ei I just need to know what b1 means. I meant that all the b's except b1 are elasticities....Which would be why I'm asking if anyone can figure this out... I have the data and I know the value of b1, so that's not the issue. The ln(xi) are needed because I need to know the % changes of yi in terms of the % changes of xi. Logically b1 would be the % of production (yi) if all the ln(xi)=0 (or all other b's=0), but that doesn't make any sense, so it can't be right. I need to know what b1 means, not its value.
Introduction to Econometrics 2e by Stock (International Edition) same as US edition? I was thinking of buying the international edition of Introduction to Econometrics by Stock for my econometrics course because it is cheaper than the US edition, but I'm not sure if it is exactly identical to the US edition. I've had an international edition before, and the review questions were different than in the US book although the text was all the same. Does anyone know if this one is identical? Thanks!
How hard is Econometrics? I'm a 4th year economics major and will be doing one an econometrics course in the fall semester. What can I expect? Is it mostly like statistics?
econometrics help--is this multicollinearity or something else? Suppose we have our dependent variable, Y, and two groups of independent variables X and Z. Both X and Z are determinants of Y, but we also believe that Z might be a determinant of X ( but not the other way ). Is this a case of multicollinearity or is it something else? How can I address this?
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