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Why the Gauss Markov Theorem is Important in the econometrics?
because your econometrics professor said so!
Why is the error term important in econometrics?
Error terms occur because ofExcluding independent variables from the modelUncertainty in human behaviorSelecting the wrong mathematical formworkConsolidation incorrectnessesClustering errors
How matrix X1 X2 equals matrix X1 X2?
i think its pretty much the same thing because matrix X1 X2 IS ACTUALLY X1 X2
What are the sub-branches of economics that relies on fields of statistics and mathematics?
Some of the sub-branches of economics that rely on fields of statistics and mathematics are econometrics, transport economics, managerial economics and international economics.
Who is known for transformations in maths?
Laplace' is known for transformations in math; as in a Laplace Transformation. Transformations are used extensively in matrix models in general equilibrium theory and econometrics such as Dominate Diagonal transforms. That is where I reached my level of incompetency; fond memories. See: Lionel McKinsey, Economic Theory and Matrices with Dominate Diagonals
What has the author Badi H Baltagi written?
Badi H. Baltagi has written: 'Nonstationary Panels, Panel Cointegration, and Dynamic Panels (Advances in Econometrics)' 'Econometric analysis of panel data' -- subject(s): Econometrics, Panel analysis, Business, Nonfiction, OverDrive 'Solutions Manual for Econometrics' 'Econometrics' -- subject(s): Econometrics 'A Companion to Theoretical Econometrics' 'Recent Developments in the Econometrics of Panel Data (International Library of Critical Writings in Econometrics 9) 2 Vol. Set'
When was Journal of Applied Econometrics created?
Journal of Applied Econometrics was created in 1986.
Why the Gauss Markov Theorem is Important in the econometrics?
because your econometrics professor said so!
Discuss the goals of econometrics?
1. To verify economic theories and hypothesis establishing empirical informations. 2. To obtain reliable estimate of the co-efficient of economic relationship and use them for policy decisions. 3. Using the numerical estimate of the coefficient to forecast future values of the economic magnitude.
What has the author Baldev Raj written?
Baldev Raj has written: 'Econometrics, a varying coefficients approach' -- subject(s): Econometrics
What has the author William E Griffiths written?
William E. Griffiths has written: 'Learning and practicing econometrics' -- subject(s): Econometrics
What has the author G S Maddala written?
G S Maddala was an eminent economist known for his work in econometrics. He authored books such as "Introduction to Econometrics" and "Limited-Dependent and Qualitative Variables in Econometrics". His research made significant contributions to the fields of economics and statistics.
What has the author Julia Hebden written?
Julia Hebden has written: 'Priority patterns for consumer durables' 'Applications of econometrics' -- subject(s): Econometrics
What is orthogonality in econometrics?
Means non correlation
What has the author Paul E Greenberg written?
Paul E. Greenberg has written: 'The practice of econometrics' -- subject(s): Computer programs, Econometrics, MicroTSP
What has the author A R Pagan written?
A. R. Pagan has written: 'Nonparametric econometrics' -- subject(s): Mathematical statistics, Econometrics, Statistical methods, Economics
What is the difference between economics and econometrics?
Economics is the study of the ecosystem wheres econometrics is the measure of the ecosystem in metres. e.g. they get a ruler and measure how big the ecosystem is.
