Econometrics A-Z: Theories, Models, Functions, and Data

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Description: Introduction to EconometricsWhether you're a student, a professional, or just intellectually curious, this course breaks down intimidating concepts like regression analysis, probability theory, and time series modeling into bite-sized, easy-to-understand lessons. This course will cover material comparable to a typical first course in econometrics. It includes 27 hours of 100 easy-to-understand lectures with over 100 downloadable PDF resources accompanying the lectures. This course will cover:Chapter 1: The algebra of least squares with one explanatory variableThis chapter introduces the least squares method which is used to fit a straight line through a scatter plot. This chapter focuses on the algebra of least squares. There is no probability theory or statistics in this chapter. The chapter begins with sample moments, goes through and derives the OLS formula. Important concepts introduced in this chapter: Trendline, residuals, fitted values and R-squared. In addition to Excel, we will also introduce EViews in this chapter and look at how to find trendlines using Excel and EViews.Chapter 2: Introduction to probability theoryIn order to make more sense of the concepts introduced in chapter 1, we need some probability theory and statistics. We want to be able to explain observed deviations from the trendline and we will do that with random variables called error terms. This chapter covers the absolute minimum from probability theory: random variables, distribution functions, expected value, variance and covariance. This chapter also introduces conditional moments which will turn out to be of great importance in econometrics as the fundamental assumption on the error terms will be stated as a conditional expectation.Chapter 3: The linear regression model with one explanatory variableThis chapter formalizes the most important model in econometrics, the linear regression model. The entire cha
Category: Teaching & Academics > Social Science > Econometrics
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Price: 39.99
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