Introductory Econometrics [book]

Phoebus J. Dhrymes
1978
These materials enable Monte Carlo simulations to be run by students with a click of a button. The fundamental teaching strategy is to use clear language and take advantage of recent developments in computer technology to create concrete, visual explanations of difficult, abstract ideas. Intelligent repetition of concrete examples effectively conveys the properties of the ordinary least squares (OLS) estimator and the nature of heteroskedasticity and autocorrelation. Coverage includes omitted
more » ... riables, binary response models, basic time series methods, and an introduction to simultaneous equations. The authors teach students how to construct their own real-world data sets drawn from the Internet, which they can analyze with Excel or with other econometric software. The Excel add-ins included with this book allow students to draw histograms, find P-values of various test statistics (including Durbin-Watson), obtain robust standard errors, and construct their own Monte Carlo and bootstrap simulations. For more, visit www.wabash.edu/econometrics.
doi:10.1007/978-1-4612-6292-3 fatcat:2px7hvchgzbv7jyew6u7z2epaq