Introduction to Linear
What is econometrics?
t is the study of the application of statistical methods to the analysis of
History begins Moore (1914), Study of demand
PROF BURAK SALTOLU
WHAT IS ECONOMETRICS?
WHAT IS AN ECONOMETRIC MODEL?
HOW TO DEAL WITH DATA?
HOW DO WE CONDUCT ECONOMETRIC RESEARCH?
Econometrics = use of statistical methods to analyze economic data
Econometricians typically an
Problem Set 2
1. In an economic model that uses income to predict monthly expenditures on entertainment,
what is the dependent variable?
b.) monthly expenditures on entertainment
c.) income elasticity
d.) demand for entertainme
Problem Set 1
1. Which of the following is NOT generally included in the study of econometrics?
a.) using economic data to estimate relationships
b.) testing economic hypotheses
c.) predicting economic outcomes
d.) developing new economic relations