Theory of Econometrics: An Introductory Exposition of Econometric MethodsPMIn reviewing the first edition, the IJournal of Economic Literature hailed it as a "textbook which emphasizes clarity of exposition and simplification of the mathematical presentation of topics. It] assumes only college algebra and introductory statistics since 'the greatest attention is given to economic aspects of econometrics.'" The author's extensive revisions of several chapters and sections are aimed at further clarification of important and relevant data. |
Contents
DEFINITION SCOPE AND DIVISION OF ECONOMETRICS | 3 |
METHODOLOGY OF ECONOMETRIC RESEARCH | 13 |
5 | 20 |
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Theory of Econometrics: An Introductory Exposition of Econometric Methods A. Koutsoyiannis No preview available - 1987 |
Common terms and phrases
2SLS a₁ analysis of variance apply OLS assume assumptions asymptotically autocorrelation b₁ b₂ bias cent Chapter commodity compute constant consumption function correlation coefficient covariance degrees of freedom demand function dependent variable determinant dummy variable econometric methods econometric techniques econometrician economic relationships economic theory elasticities endogenous variables errors of measurement example exogenous expected value explanatory variables factors Figure forecast formula hence heteroscedasticity homoscedastic identified income independent instrumental variables lagged level of significance likelihood function LIML linear mathematical maximum likelihood mean multicollinearity n₁ normal distribution normal equations null hypothesis parameter estimates period population parameter predetermined variables principal components priori probability procedure random term random variable reduced form reduced-form regression line residuals sample observations standard errors statistical structural equation structural parameters Substituting sum of squared transformation true parameter unbiased estimator v₁ v₂ various X₁ X₂ Y₁ zero ΣΥ ΣΧ