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ökonometrie
What is the Goal of Econometrics?
Development of statistical methods for estimating economic relationships.
ökonometrie
What are the pros and cons of field experiments?
Advantage:
- internal validity
Disadvantage:
-external validity
-costly
-ethical concerns
-simply not feasible
ökonometrie
Cross Sectional Data
ökonometrie
Time Series Data
ökonometrie
Pooled cross sections
ökonometrie
Panel/Longitudinal Data
ökonometrie
Ceteris Paribus
All other factors fixed
ökonometrie
What do the Beta-Parameters in the SLR-Model describe?
ökonometrie
Definition Causality
ökonometrie
OLS Residuals Definition
ökonometrie
OLS Regression Line
ökonometrie
What is the Relationship between SST,SSE and SSR?
SST = SSE + SSR
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