To master any subject you need tools, resources and strategy. In order to help you master Econometrics, I am providing here, 7 highly useful blogs and 5 YouTube Channels, where you can find the tools, resources and strategy to learn Econometrics. 1. https://davegiles.blogspot.com This is one of the most famous blog on Econometrics by Dave …
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How to learn econometrics without hindi textbook? Want to learn Econometrics in Hindi and found no textbook in your preferred language? Econometrics textbooks in Hindi are rare to find. I understand the frustration to find all the major econometrics textbooks published in English language. Even though we are well conversant in English textbooks, an explanation …
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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 …
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What is expected value? Expected value is an ‘average’ value but a special type of average value. The expected value of a random variable is its’ long-term average. Suppose, we take a large number of experiments of a random variable, and each time we put numeric values to each possible outcome in those experiments. Let’s …
R Square: Interpretation, Usage and Varieties R Square or coefficient of determination is a measure of goodness of fit of the fitted regression line to a set of considered data. It’s correct interpretation, usage and varieties of are the leverage and privilege of great economists. In the case of simple regression we use the term …
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 …
Hi there, This article is updated in 2022 with more online resources added at the end of this article. FREE 1. Econometrics Academy One-stop solution for Econometrics for a beginner. Here, one can find Econometrics Software such as STATA, R, Eviews along with information on Econometrics Models such as Panel Data Models, Probit and Logit …
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3 Ways to Interpret Regression Estimates Suppose we got the data on exercise habits measured in minutes, and age at death measured in years. In this Learn through Econometrics Model, you ran the regression of death at age on exercise and got the result: age at death = 60 + 0.1 exercise Let’s have a …
1. Multicollinearity Multi-collinearity is a type of disturbance in data, where the independent variables are related to each other making the statistical inference redundant. 2. Heteroscedasticity Heteroscedasticity or Heteroskedasticity occurs when the size of the error term varies across the values of the independent variable. 3. Auto correlation It measures the relationship between a variables’ …
Image Credit – Pxhere.com Learning Econometrics involves the following steps. Whatever the book you use for studying Econometrics, you will eventually learn the steps to master this subject goes as below: 1. Study the Problem: You come across a problem, indulge in deep thoughts about its variables, causes etc. and make note of it. 2. …