Nouneconometrics (uncountable)
Related termsFrom Wiktionary under the GNU Free Documentation License. Econometrics is concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles. Econometrics combines economic theory with statistics to analyze and test economic relationships. Theoretical econometrics considers questions about the statistical properties of estimators and tests, while applied econometrics is concerned with the application of econometric methods to assess economic theories. Although the first known use of the term "econometrics" was by Paweł Ciompa in 1910, Ragnar Frisch is given credit for coining the term in the sense that it is used today. While many econometric methods represent applications of standard statistical models, there are some special features of economic data that distinguish econometrics from other branches of statistics. Economic data are generally observational, rather than being derived from controlled experiments. Because the individual units in an economy interact with each other, the observed data tend to reflect complex economic equilibrium conditions rather than simple behavioral relationships based on preferences or technology. Consequently, the field of econometrics has developed methods for identification and estimation of simultaneous equation models. These methods allow researchers to make causal inferences in the absence of controlled experiments. From Wikipedia under the
GNU Free Documentation License What should I read to understand Econometrics? Q. I'm currently in a Masters of Public Policy program, and I'm suffering in econometrics. The professor has been little help, so I'm more or less on my own to figure it out. Are there any books that can start me off? I only have a basic grasp of calculus(my focus has been mostly political science with a dash of microeconomics). Asked by Hans - Tue Mar 9 10:17:06 2010 - - 2 Answers - 0 Comments A. a strong foundation in statistics is a must, calculus will help but is not necessary, considering its all mathematical models based on stats, poisson distributions, gaussian copulas, etc, thats really where your focus should be. Answered by axesenzon - Tue Mar 9 11:29:08 2010 econometrics multiple regression, does it matter if i remove the constant? Q. have problems with a final regression i have constructed, all my variable individually are significant at the 5% level however when i bring them together they become insignificant, i have removed one variable which got rid of most of the multcollineararity that create the problem but i still have ones variable which is being made insignificant by the constant in my regression so what i'm asking is if i remove the constant to make all the variables significant does it mean anything am i breaking some kind of rule? Asked by Dean S - Sun May 3 12:32:41 2009 - - 3 Answers - 0 Comments A. Yes, you are potentially breaking two very important rules. First, while you cannot remove the constant and get a valid answer you can set the constant to 0. This has very important theoretical implications. The constant is the distillation of all unknowns affecting your model. Pragmatically the constant is the impact of all your omitted variables. By setting your constant to zero you are saying one of two things. Either you are saying you have a perfect understanding of nature and the problem at hand and you have included EVERY relevant variable in nature. That is to say any thing on Earth that now or ever could impact the true solution is in your equation. The alternative, if the above is not true, is that you will bias your beta' [cont.] Answered by OPM - Sun May 3 14:12:39 2009 Is there a consensus in the econometrics literature on the effects of gun control policies on crime?
Q. Links to some papers, preferably meta-analysis (which would incorporate many studies) would be ideal. Studies using data from outside the US would be nice too (in addition to the many that use US data only). Remember, I'm just wondering about the level of econometric consensus (if any) not so much the moral issue/constitutional issue/etc... Asked by bob135 - Sat Aug 9 03:17:23 2008 - - 3 Answers - 0 Comments A. As far as I can tell, the only consensus is that most of the studies that show large significant effect are deeply flawed. But even that is not universal: So the effects are nowhere near strong enough to justify either side of the argument. For further references, you can go to Steven Levitt's book, "Freakonomics" or to his original paper. Almost everyone agrees that the situation in other countries is not applicable here. For example, crime rates in both Japan and Switzerland are very low compared to those in the U.S. but while guns are banned in Japan, everyone in Switzerland has an assault rifle. (This doesn't prevent gun control advocates from pointing to Japan; and those opposed to gun control pointing to Switzerland.) Wikipedia… [cont.] Answered by simplicitus - Sat Aug 9 23:35:33 2008 From Yahoo Answer Search: "econometrics"  bloomberg.com Thu, 08 Jul 2010 07:06:52 GMT+00:00 Bloomberg ... fixed-rate loan, says Susan Woodward, former chief economist at the Housing and Urban Development Department and a founder of Sand Hill Econometrics , ...  blog.stanfordreview.org Sun, 27 Jun 2010 02:22:29 GMT+00:00 Stanford Review (blog) In econometrics , there is a specialized regression that aims to correct for selection bias. In essence, this technique (the Heckman correction, ...  mybangalore.com Mon, 21 Jun 2010 04:50:06 GMT+00:00 MyBangalore ... Women & Legal Rights, Basic Econometrics , etc. Each of these courses is a 100-hour program, the classes of which are held on weekends and holidays. ... From Google News Search: "econometrics"  gaobru.googlepages.com 500px x 376px | 25.30kB [source page] Introductory Econometrics SPSS v10 0 for Windows  yongyoon.net 1174px x 707px | 27.10kB [source page] You ll find here PPTs notes and other supplemetary materials for the Introduction to Econometrics course taught at Chulalongkorn University Fall 2008 Course Outline gretl koop data Stock and Watson data From Yahoo Image Search: "econometrics"  routledge.com unknown Fri, 21 Dec 2007 08:00:00 GM Tourism demand is the foundation on which all tourism-related business decisions ultimately rest. Governments and companies such as airlines, tour operators, hotels, cruise ship lines, and recreation facility providers are interested in ...  cxoadvisory.com unknown Fri, 15 Jun 2007 07:00:00 GM Financial . econometrics. gives empirical life (and death) to financial market models. Where has this rapidly growing branch of economics been,  youngbrigades.com Geetha Venkatesh ue, 25 May 2010 07:35:27 GM The Institute of Statistics of the Faculty of Economics of the University of Neuchatel expects to open up to two assistant positions (for a total of up to 150% working time) starting in August 2010. The successful candidates are ... From Google Blog Search: "econometrics" |
