Introductory Econometrics Using Monte Carlo Simulation with Microsoft Excel

ISBN-10: 0521843197

ISBN-13: 9780521843195

Edition: 2006

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Description: This highly accessible and innovative text (and accompanying CD-ROM) uses Excel (R) workbooks powered by Visual Basic macros to teach the core concepts of econometrics without advanced mathematics. It enables students to run monte Carlo simulations in which they repeatedly sample from artificial data sets in order to understand the data generating process and sampling distribution. Coverage includes omitted variables, binary response models, basic time series, and simultaneous equations. The authors teach students how to construct their own real-world data sets drawn from the internet, which they can analyze with Excel (R) or with other econometric software.

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Book details

List price: $99.99
Copyright year: 2006
Publisher: Cambridge University Press
Publication date: 12/26/2005
Binding: Hardcover
Pages: 800
Size: 7.25" wide x 10.00" long x 1.25" tall
Weight: 3.432
Language: English

Description
Introduction
Correlation
Pivot tables
Computing regression
Interpreting regression
Functional form
Multivariate regression
Dummy variables
Inference
Monte Carlo simulation
Inferential statistics review
Measurement box model
Comparing two populations
The classical econometric model
The Gauss Markov theorem
Understanding the standard error
Hypothesis testing and confidence intervals
F tests
Omitted variable bias
Heteroskedasticity
Autocorrelation
The series topics
Dummy dependent variables
Bootstrap
Simultaneous equations
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