
Econometrics – What Is It Exactly?
Econometrics Lecture 1 Topic: What is econometrics? Many people have asked me: econometrics – what exactly is it? Especially after hearing that I study “computer
Econometrics Lecture 1 Topic: What is econometrics? Many people have asked me: econometrics – what exactly is it? Especially after hearing that I study “computer
One of the super important steps in the econometric modeling process is estimating its parameters. In my Econometrics Course, I dedicated the whole Lesson 3
This lecture will be devoted to the Classical Method of Least Squares. You can of course also come across the name Classical Linear Regression Model, KMRL for short. Both names are correct and both are safe to use.
I will present and briefly discuss all the basic assumptions of this method.
It is worth knowing these assumptions, because very often this issue appears on the econometrics exam, but not only. I remember well that mentioning the assumptions of KMNK happened to me as one of the questions during the defense of my bachelor thesis.
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