# econometrics for beginners

## RealÂ Methodology of Econometrics and how it is used in practice

In economic research, policy analysis, and forecasting, econometric approaches are frequently employed. The methods are employed to examine economic data and forecast future trends. Among the most popular econometric methods are: – Regression Analysis: This method is used to ascertain how variables are related to one another. For instance, the cost of promotion and the …

## 5 YouTube Channels for learning Econometrics online

During the lock down, classes shifted online and few YouTube channels started imparting the knowledge in a new avatar. As we know, learning econometrics online or offline is a tedious affair. But, these channels’ approach to present the subject to the audience have a different hue altogether. Fresh outlook and precise explanation. We present you …

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

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 …

## 13 Most Common Econometrics Models for Researchers and Students

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 …

## 10 Best Online Resources to learn Econometrics in 2022

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 …

## 3 Ways to Interpret Regression Coefficients

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 …

## Commonly Encountered Problem in Econometrics

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’ …

## 5 Steps in Learning Econometrics

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. …

## 3 Basic Mathematical Tools For Strong Econometrics Foundation

Everyone is aware of the importance of a strong, stable foundation for  high rise building. Basic mathematical tools are such skills which will help you interpret the results,and your concepts. We enlist the 4 such basic mathematical tools for your strong foundation for Econometrics. 1. Proportion and Percentage 2. Summation Operators 3. Descriptive Statistics 4. …