About this document
Introduction to Econometrics Methods by coli is a document available to read on EtoBox.
1. Econometrics involves applying statistical methods to economic data to empirically test economic theories and models. 2. The document outlines the traditional 8-step methodology for econometric analysis: 1) state theory, 2) specify mathematical model, 3) specify econometric model, 4) collect data, 5) estimate model, 6) test hypotheses, 7) forecast, and 8) use model for policy purposes. 3. As an example, the document walks through estimating Keynes
- Author
- coli
- Language
- EN