(3 units). Definition and scope of econometrics. The simple linear regression model and the method of ordinary least squares. Properties of the estimators. Statistical tests of significance. Problems of omitted variable bias and use of control variables. The multiple regression model and the assumption of conditional mean independence. Heteroskedasticity and robust standard errors. Dummy variables. Optional topics include analysis of time series and panel data. Previously ECO 3151. Course Component: Lecture Prerequisites: (MAT 2371, MAT 2375) or ECO 2150.
(3 units). Definition and scope of econometrics. The simple linear regression model and the method of ordinary least squares. Properties of the estimators. Statistical tests of significance. Problems of omitted variable bias and use of control variables. The multiple regression model and the assumption of conditional mean independence. Heteroskedasticity and robust standard errors. Dummy variables. Optional topics include analysis of time series and panel data. Previously ECO 3151. Course Component: Lecture Prerequisites: (MAT 2371, MAT 2375) or ECO 2150.
