Econometrics

Econometrics is a branch of economics that uses statistical methods, mathematics, and computer science to analyze economic data. It is concerned with understanding the relationships between economic variables, such as prices, wages, and employment, and using this knowledge to make predictions or inform policy decisions. Econometricians use sophisticated mathematical models to estimate the effects of different factors on economic outcomes and to test economic theories against real-world data. The field is interdisciplinary, drawing on insights from statistics, mathematics, economics, and computer science to comprehensively understand the economy.

Linear Regression

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / July 22, 2020 / Econometrics

Linear Regression Read Post »

Linear regression is an econometric method of empirical research used in many sciences to estimate statistical causality between multiple factors, assuming all other conditions remain constant. In economics, it helps in testing theoretical models against reality. Single and multi-regression models are typically used for assessing varying scales of variable influences. However, limitations due to the ‘ceteris paribus’ clause lead to the introduction of multi-regression techniques, extending the analysis to other potential causative factors.

data analysis, data analyst, Econometrics, Economic Research, empirical models, empirical research, Freiburg im Breisgau, Linear Regression, Multiple Linear Regression, Research methods, Scientific Research, Scientific Writing, Simple Linear Regression, Technique of Scientific Writing in Economics

What is Econometrics?

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / January 10, 2020 / Econometrics, Foundations of Economics, Scientific Writing

What is Econometrics? Read Post »

Econometrics is part of the economic as a science, which deals with the statistical (empirical) modelling of economic theories (hypotheses) in order to explain, confirm or disprove economic theory empirically.

Albert-Ludwig-University of Freiburg, causality, data analysis, data analyst, Econometrics, economic models, economic theory, empirical models, empirical research, English, exam preparation, External Validity, hypothesis, internal validity, inverse causality, statistics, tutoring, University

How to explain the Omitted Variable Bias

By James E Njoroge, M. Sc. (VWL) - Economic Coach, Consultant and Lecturer / December 16, 2019 / Economic Blog, Econometrics

How to explain the Omitted Variable Bias Read Post »

Explaining the omitted variable bias in regression analysis, econometrics.

Albert-Ludwig-University of Freiburg, Bias, Econometrics, Economics, mathematics, Omitted-Variable-Bias, quantitative analysis, quantitative methods, regression analysis, regression model, statistics

Linear Regression

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Econometrics

Linear Regression

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