Econometrics

What is EconometricsThe field of econometrics involves the utilization of statistical techniques to analyze economic data with the objective of providing empirical evidence to economic relationships. More specifically, it refers to 'the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.' In a textbook that provides an introduction to economics, econometrics is described as a tool that enables economists to 'sift through mountains of data to extract simple relationships.' In the field of econometrics, Jan Tinbergen is identified as one of the two founding fathers. That other individual, Ragnar Frisch, was also the one who first used the phrase in the manner that it is used today.How you will benefit(I) Insights, and validations about the following topics:Chapter 1: EconometricsChapter 2: Least squaresChapter 3: Gauss-Markov theoremChapter 4: Regression analysisChapter 5: Consistent estimatorChapter 6: Instrumental variables estimationChapter 7: Probit modelChapter 8: Ordinary least squaresChapter 9: Simple linear regressionChapter 10: Seemingly unrelated regressionsChapter 11: Breusch-Pagan testChapter 12: Cochrane-Orcutt estimationChapter 13: Generalized least squaresChapter 14: Statistical model specificationChapter 15: Heteroskedasticity-consistent standard errorsChapter 16: Heckman correctionChapter 17: Polynomial regressionChapter 18: Error correction modelChapter 19: Errors-in-variables modelsChapter 20: Linear regressionChapter 21: Homoscedasticity and heteroscedasticity(II) Answering the public top questions about econometrics.(III) Real world examples for the usage of econometrics in many fields.(IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of econometrics. (eBook only).Who will benefitProfessionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of econometrics.