Review Topics for Mid-term II _Eco6352_sp_16 - Eco 6352 Applied Econometric Analysis Professor Tom Fomby Spring 2016 REVIEW TOPICS FOR MID-TERM II Our

Review Topics for Mid-term II _Eco6352_sp_16 - Eco 6352...

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Eco 6352 Professor Tom Fomby Applied Econometric Analysis Spring 2016 REVIEW TOPICS FOR MID-TERM II Our second mid-term exam is scheduled for Monday, May 2 at the regular class time and place. The exam only covers material following the first mid-term exam. That means you are responsible for understanding Exercises 5 and later and QQs 5 and later. The keys for these exercises and quizzes are posted on the class website (except for the Key to Exercise 11). You should carefully study these exercises and quick quizzes in preparation for this second mid-term exam. In terms of the chapters in your textbook that we have covered since the last mid-term, they are Chapter 5 (Multinomial Response models) . See Exercise 5 for an example of unordered multinomial modeling see Exercise 5 where we examined school choice based on aptitude scores and family characteristics. You should know the difference between the multinomial model (only case-specific explanatory variables), the conditional logit model (only choice- specific explanatory variables), and the general multinomial model which has both case-specific and choice-specific explanatory variables. I did not cover the additional discussion of mixed logit and nested logit models as I felt they were beyond the scope of our class.
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  • Spring '16
  • Econometrics, Random effects model, Logit, explanatory variables

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