The main tool of econometrics is the linear multiple regression model, which provides a formal approach to estimating how a change in one economic variable, the explanatory variable, affects the ...

A simple regression model, or equation, consists of four terms. On the left side is the dependent variable. It represents the phenomenon the model seeks to "explain." ...

The empirical model may also be used to construct a way to forecast the dependent variable, potentially helping policymakers make decisions about changes in monetary and/or fiscal policy to keep the ...

Adding the instruments to the original regression provides a simple method of computing the Hausman test. Search matches (1) 1 match for '' page with search term. p.10 (1 ... P. Boothe and J. G.

Often, regression models that appear nonlinear upon first glance are actually linear. The curve estimation procedure can be used to identify the nature of the functional relationships at play in ...