Titlebook: Econometrics; John Eatwell,Murray Milgate,Peter Newman Book 1990 Palgrave Macmillan, a division of Macmillan Publishers Limited 1990 econo

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Book 1990This is an excerpt from the 4-volume dictionary of economics, a reference book which aims to define the subject of economics today. 1300 subject entries in the complete work cover the broad themes of economic theory. This extract concentrates on econometrics.

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https://doi.org/10.1007/978-1-349-20570-7econometrics; regression; Simulation

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978-0-333-49543-8Palgrave Macmillan, a division of Macmillan Publishers Limited 1990

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Aggregation of Economic Relations,t also decide how many groups to use; a smaller number is more manageable but will cause more of the original information to be lost. The research worker seeks a solution to this problem that will best serve his objectives, or those of some decision-maker who will use his results.

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Information Theory,non and Wiener in 1948 in connection with communication theory. Though decisively and directly related, these definitions must also be distinguished from the definition of ‘information’ introduced by R.A. Fisher in 1925 for estimation theory.

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Limited Dependent Variables,s at zero which causes bias to the least squares estimator and requires special analysis. For example, Tobin’s data contain many households for which the expenditure on a durable good in a given year is zero.

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