Description
Adaptable to both advanced undergraduate and graduate courses, this textbook develops statistical methods for estimating economic relationships and evaluating government policy, covering multiple regression analysis with cross-sectional data, econometric analysis of time series data, panel data methods, and endogenous explanatory variables. The third edition reorders the assumptions for simple and multiple regression and adds more data sets. Annotation ©2005 Book News, Inc., Portland, OR (booknews.com)
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The modern approach of this text recognizes that econometrics has moved from a specialized mathematical description of economics to an applied interpretation based on empirical research techniques. It bridges the gap between the mechanics of econometrics and modern applications of econometrics by employing a systematic approach motivated by the major problems facing applied researchers today. Throughout the text, the emphasis on examples gives a concrete reality to economic relationships and allows treatment of interesting policy questions in a realistic and accessible framework.
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