Econometrics Definition and 14 Threads

Hey everyone, I'm doing an 3rd year economics course in university and I'm already running into difficulty trying to show proofs of the following: Now I certainly don't wish to ask for spoon feeding just some direction or source to where I can look up and read for the...

Hi all My name is Al Saqib. I am an undergrad student at University of British Columbia, Vancouver. I am studying Economics and Mathematics. My favorite subject is Physics. I have taken a couple of Physics courses so far. I am planning to take more of them, including general relativity.

Hello, I have a question on Autocorrelation of OLS model. So I encountered a autocorrelation error, and use Cochrane - Orcutt Two-step Procedure(CORC) to fix it. And my OLS became GLS. And I have no idea how to interpret the coefficient on my initial X and Y with the new model. I mean something...

Hello, I am looking for any online supplemental courses to supplement my book reading of Introductory Econometrics 4e by Jeffrey M.Wooldridge. The book is rather terse and jumps around a lot between ideas presented a couple of pages back and forth. I was hoping if anyone knows a good...

I've added a screenshot (https://imgur.com/a/isQXZ) and the text below for your convenience. Please show steps if possible to help my understanding. Thank you. Consider a random variable that is Normally distributed, with population mean mu = E [X] and population variance sigma^2 = var [X]...

I am using panel- data for 30 countries over 25 years to estimate a regression model. Expenditure on cars is my dependent variable and then I use economic theory to find some explanatory variables. First, is 30 countries and 25 years an ok sample? Or should years > countries? Second, is it an...

Here I would like to take the opportunity to suggest the addition of a subforum for the purpose of discussing quantitative and mathematical economics. This idea came up after I posted in a few recent topics (1st topic, 2nd topic). I am also partially motivated by QuantEcon, a website pointed out...

Hi all, I have recently become interested in physics and maths again - I have a strong background in statistics (econometrics) from Uni a long time ago, and always have enjoyed maths and physics, but mostly just for fun. I hope to learn here, and maybe contribute something worthwhile. Thanks...

Homework Statement Guys , hi ! I need help with my test . In YOUR own words , answer the following : 1) what is econometrics? 2) what is an estimator ? What is an estimate ? 3) what does unbiasedness imply for an estimator ? Is parameter estimate of an unbiased estimator from a sample...

Hello, I am fairly new to econometrics and have an assignment that I would like some clarification with. My regression involves regressing wage on various variables including dummy variables for white, black and asian. I have run separate regressions using subsamples for specific races so...

I am sooo lost in this class, please help. 1. Let the true (population) model be y = B0+B1x1+B2x2+u where u is an unobserved error term with u (conditional) x1, x2 and N(0, sigma^2). Hence, u is normally distributed with mean 0 and variance sigma^2 (i.e., E[u (conditional) x1, x2] = 0 and V...

Is the "con" gone from Econometrics? (spillover from the thread on the Easterly piece) Ed Leamer wrote a famous piece in the early 80s decrying the ad hoc BS nature of most econometric research entitled "Lets take the Con out of Econometrics" Focusing on the poorly constructed and...

Well what are your opinions? Would not having a solid grounding in statistics be more useful than a solid knowledge of the applications of econometrics?

could anyone please give me a short summary of econometrics and what it uses to "predict" future economic states? thanks