Understanding from the very basics what a function of two or three variables actually is is extremely important for you. Why, if this is just
Econometrics – Lecture 6 Topic: Regression analysis. Estimation of model parametersusing the Least Squares Method. In this lecture, I will explain what linear regression is
Econometrics Lecture 5 Topic: Pearson’s Linear Correlation Coefficient and Its Significance The main goal of econometrics is to investigate and measure certain relationships occurring in
Econometrics Lecture 4 Topic: Data for the Model You already know exactly what an econometric model is. A key role is played by variables —
Econometrics Lecture 3 Topic: Random Component At the end of the previous Lecture 2, I mentioned one of the reasons why the random component is
