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About Econometrics Notes
1) Econometrics uses economic theory and statistics to analyze economic data in order to answer questions about causal relationships and forecasting. 2) This document discusses an introduction to econometrics lecture which examines 4 economic questions and introduces concepts like causal effects, ideal experiments, different data types, and the basic linear regression model. 3) The linear regression model relates a dependent variable Y to an independent variable X, plus an error term, and uses ordinary least squares to estimate the intercept and slope coefficients to best fit the data.
Detailed Information
| Author: | ['mamo20ao'] |
|---|---|
| Publication Year: | 2024 |
| Pages: | 95 |
| Language: | English |
| Format: | |
| Price: | FREE |
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