000 04878nam a2200637 i 4500
001 EBC1675705
003 MiAaPQ
007 cr cnu||||||||
008 140423s2014 nyu foab 001 0 eng d
020 _a9781606499757
_qe-book
020 _z9781606499740
_qpaperback
035 _a(OCoLC)878077804
035 _a(CaBNVSL)swl00403322
035 _a(MiAaPQ)EBC1675705
035 _a(Au-PeEL)EBL1675705
035 _a(CaPaEBR)ebr10861550
035 _a(CaONFJC)MIL825459
035 _a(OCoLC)878852551
040 _aMiAaPQ
_beng
_erda
_epn
_cMiAaPQ
_dMiAaPQ
050 4 _aHB141
_b.E383 2014
082 0 _a330.015195
_223
100 1 _aEdwards, Jeffrey A.,
_eauthor.
245 1 0 _aBuilding better econometric models using cross section and panel data /
_cJeffrey A. Edwards.
250 _aFirst edition.
264 1 _aNew York, New York (222 East 46th Street, New York, NY 10017) :
_bBusiness Expert Press,
_c2014.
300 _a1 online resource (xiii, 98 pages)
336 _atext
_2rdacontent
337 _acomputer
_2rdamedia
338 _aonline resource
_2rdacarrier
490 1 _aEconomics collection,
_x2163-7628
500 _aPart of: 2014 digital library.
504 _aIncludes bibliographical references (pages 95-96) and index.
505 0 _a1. What is a statistically adequate model and why is it important? -- 2. Basic misspecifications -- 3. Misspecifications for the more advanced reader -- 4. Original specification and drawing inference from it: two related models -- 5. Basic misspecification testing and respecification: the cross-sectional case -- 6. Variance heterogeneity: the cross-sectional case -- 7. Basic misspecification testing and respecification: the panel data case -- 8. Variance heterogeneity: the panel data case -- 9. Consistent and balanced panels -- 10. Dynamic parametric heterogeneity -- Conclusion -- References -- Index.
506 _aAccess restricted to authorized users and institutions.
520 3 _aMany empirical researchers yearn for an econometric model that better explains their data. Yet these researchers rarely pursue this objective for fear of the statistical complexities involved in specifying that model. This book is intended to alleviate those anxieties by providing a practical methodology that anyone familiar with regression analysis can employ--a methodology that will yield a model that is both more informative and is a better representation of the data. Most empirical researchers have been taught in their undergraduate econometrics courses about statistical misspecification testing and respecification. But the impact these techniques can have on the inference that is drawn from their results is often overlooked. In academia, students are typically expected to explore their research hypotheses within the context of theoretical model specification while ignoring the underlying statistics. Company executives and managers, by contrast, seek results that are immediately comprehensible and applicable, while remaining indifferent to the underlying properties and econometric calculations that lead to these results. This book outlines simple, practical procedures that can be used to specify a better model; that is to say, a model that better explains the data. Such procedures employ the use of purely statistical techniques performed upon a publicly available data set, which allows readers to follow along at every stage of the procedure. Using the econometric software Stata (though most other statistical software packages can be used as well), this book shows how to test for model misspecification, and how to respecify these models in a practical way that not only enhances the inference drawn from the results, but adds a level of robustness that can increase the confidence a researcher has in the output that has been generated. By following this procedure, researchers will be led to a better, more finely tuned empirical model that yields better results.
588 _aTitle from PDF title page (viewed on April 23, 2014).
590 _aElectronic reproduction. Ann Arbor, MI : ProQuest, 2015. Available via World Wide Web. Access may be limited to ProQuest affiliated libraries.
650 0 _aEconometric models.
653 _across-sectional data
653 _ainference
653 _amisspecification testing
653 _apanel data
653 _aregression
653 _aregression models
653 _arespecification
653 _aStata
653 _astatistical adequacy
655 4 _aElectronic books.
776 0 8 _iPrint version:
_z9781606499740
797 2 _aProQuest (Firm)
830 0 _a2014 digital library.
830 0 _aEconomics collection.
_x2163-7628
856 4 0 _uhttps://ebookcentral.proquest.com/lib/kliuc-ebooks/detail.action?docID=1675705
_zClick to View
942 _2lcc
_cEBK
999 _c271680
_d271680