+91-8456089149

How econometrics is useful for research in economics?

Leave a Comment / Online Econometrics Resources / By

how econometrics is useful for research in economics? Econometrics is a crucial tool in economics research that enables economists to analyze and quantify relationships between economic variables, test hypotheses, make predictions, and guide policy decisions. It combines economic theory, mathematics, and statistical techniques to provide empirical evidence for economic theories and models. It turns theoretical …

How econometrics is useful for research in economics? Read More »

What is time-series data? What are its components?

Leave a Comment / Online Econometrics Resources / By

Time series data is a chronological sequence of a series of values of a variable. In other words, the data is time-stamped. It can be a discrete or continuous time series. Discrete-time series are observations taken at specific times while continuous time series are observations that are made continuously over time. It can be univariate …

What is time-series data? What are its components? Read More »

5 BEST Econometrics (EASY) Books for Beginners No One Wants to Reveal

Leave a Comment / Books, Online Econometrics Resources / By

5 BEST Econometrics (Easy) Books for Beginners No One Wants to Reveal To decide on the Econometrics books is not easy for a beginner. One can feel overwhelmed with the content of the books if one is unfamiliar with the concepts of Mathematics, Economics and Statistics. Most of the Universities prescribe following two books; Basic …

5 BEST Econometrics (EASY) Books for Beginners No One Wants to Reveal Read More »

Leave a Comment / Tests in Econometrics / By

MacKinnon, White and Davidson(MWD) test The MacKinnon, White, and Davidson (MWD) test, also known as the Heteroscedasticity and Autocorrelation Consistent (HAC) test, is a statistical test used in econometrics to assess the presence of heteroscedasticity and autocorrelation in regression models. It is an extension of the White test that allows for robust inference when these …

Read More »

13 Most Common Econometrics Models for Researchers and Students

Leave a Comment / Online Econometrics Resources / By

Last week, I talked to a lot of students of Econometrics regarding the most difficult challenge they faced in Econometrics. The most common issue that emerged out of that discussion is constructing an econometrics model that is suitable for the data in hand and/or real world. Most often, data is not reliable as economists have …

13 Most Common Econometrics Models for Researchers and Students Read More »

How to Write Literature Review for Thesis ?

Leave a Comment / Econometrics World, Literature Review, Online Econometrics Resources / By

How to write literature review for thesis? What is Literature Review? Literature review for thesis or dissertation is the part with extensive reference to related research in your field. It is where you establish connection between the source texts, position yourself among these sources, and update the readers with the fill in. The purpose of …

How to Write Literature Review for Thesis ? Read More »

Quantile Regression for Economists: How to Analyze Data Beyond the Mean with Tailored Insights

Leave a Comment / Online Econometrics Resources / By

Quantile Regression for Economists: How to Analyze Data Beyond the Mean with Tailored Insights Quantile regression, introduced by Koenker and Bassett in 1978, is a technique that extends the traditional linear regression framework to estimate the conditional quantiles of the response variable rather than the conditional mean. In other words, instead of focusing solely on …

Quantile Regression for Economists: How to Analyze Data Beyond the Mean with Tailored Insights Read More »

Understanding Heterogenous Treatment Effects: Methods for Estimating and Interpreting in Observational Studies

Leave a Comment / Online Econometrics Resources / By

Understanding Heterogeneous Treatment Effects: Methods for Estimating and Interpreting in Observational Studies In the realm of observational studies, understanding how treatments affect different individuals is crucial for accurate policy making, healthcare decisions, and scientific research. This brings us to the concept of heterogeneous treatment effects (HTE), which refers to the variation in treatment effects across …

Understanding Heterogenous Treatment Effects: Methods for Estimating and Interpreting in Observational Studies Read More »

Structural Vector Autoregressions (SVARs): An In-Depth Look at Identifying Structural Shocks and Understanding Their Macroeconomic Effects

Leave a Comment / Online Econometrics Resources / By

Structural Vector Autoregressions In the realm of macroeconomic analysis, Structural Vector Autoregressions (SVARs) have emerged as a vital tool for identifying and understanding the impact of structural shocks on economic systems. Unlike standard Vector Autoregressions (VARs), SVARs incorporate theoretical constraints to discern structural shocks and their effects, making them essential for evaluating policy impacts and …

Structural Vector Autoregressions (SVARs): An In-Depth Look at Identifying Structural Shocks and Understanding Their Macroeconomic Effects Read More »

Non-Parametric Econometrics: Flexibility in Estimating Economic Models Without Assumptions

Leave a Comment / Online Econometrics Resources / By

Exploring the Rise of Non-Parametric Econometrics: Flexibility in Estimating Economic Models Without Assumptions The Basics of Non-Parametric Econometrics Non-parametric econometrics refers to a set of methods used to estimate relationships between variables without assuming a specific functional form for these relationships. Unlike parametric methods, which require the researcher to specify a model (such as a …

Non-Parametric Econometrics: Flexibility in Estimating Economic Models Without Assumptions Read More »

Bayesian Econometrics: Embracing Uncertainty and Prior Knowledge

Leave a Comment / Online Econometrics Resources / By

Bayesian Econometrics: Embracing Uncertainty and Prior Knowledge Bayesian econometrics has become an increasingly significant approach in the field of economics, largely due to its ability to incorporate prior knowledge and systematically handle uncertainty. By utilizing Bayes’ theorem, this method allows economists to merge prior beliefs with observed data, offering a comprehensive framework for analyzing economic …

Bayesian Econometrics: Embracing Uncertainty and Prior Knowledge Read More »

The Role of Machine Learning in Econometrics: Transforming Economic Analysis

Leave a Comment / Online Econometrics Resources / By

Machine Learning in Econometrics: How AI is Revolutionizing Economic Analysis In recent years, the application of machine learning (ML) techniques in econometrics has sparked significant interest among economists and data scientists alike. As traditional econometric models reach their limits in handling the complexity of modern economic data, machine learning offers a new set of tools …

The Role of Machine Learning in Econometrics: Transforming Economic Analysis Read More »

10 Real-World Examples of Heteroskedasticity: Understanding Variance in Statistical Models

Leave a Comment / Online Econometrics Resources / By

Heteroskedasticity is a crucial concept in statistics and econometrics, particularly in regression analysis. It refers to the phenomenon where the variance of the errors or residuals in a model is not constant across all levels of an independent variable. This can lead to inefficient estimates and biased statistical tests, making it essential to understand and …

10 Real-World Examples of Heteroskedasticity: Understanding Variance in Statistical Models Read More »

Time Series vs. Panel Data: Deciphering the Differences in Analytical Methods

Leave a Comment / Online Econometrics Resources / By

Time Series vs. Panel Data: Deciphering the Differences in Analytical Methods Panel data analysis and time series analysis are two methods that are widely used in econometrics and other research fields. While they both use data that has been collected over time, the two methodologies’ underlying assumptions, data structures, and analytical techniques differ. This post …

Time Series vs. Panel Data: Deciphering the Differences in Analytical Methods Read More »