Review for midterm - ECMT 2110: Regression Modelling...

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ECMT2110: Regression Modelling 1 ECMT 2110: Regression Modelling Mid-semester revision Mid-term exam: 8:50am to 9:50am Wednesday 23 April 2008
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ECMT2110: Regression Modelling 2 Review of Topic 1: Introduction to Modelling Key concepts Economic or other theoretical models Econometric models Regression models Disturbance term
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ECMT2110: Regression Modelling 3 Key points Regression models are approximations Think of models as maps Population regression can be viewed as conditional mean function Distinction between linear in parameters & linear in variables Many uses for econometric models Provide parsimonious description of data Evidence on theoretical relationships Provide insight into process & strength of inter- relationships
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ECMT2110: Regression Modelling 4 Review of Section Two: Simple Linear Regression OLS Normal equations BLUE CLRM Key concepts:
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ECMT2110: Regression Modelling 5 Key points
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This note was uploaded on 06/06/2008 for the course ECMT 2110 taught by Professor Svec during the Three '08 term at University of Sydney.

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Review for midterm - ECMT 2110: Regression Modelling...

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