To acquaint the students with use of software to estimate econometric models.
Simple Linear Regression Model: Two Variable Case
Estimation of classical linear regression model by method of ordinary least squares, goodness of fit; tests of hypotheses; confidence intervals; Chow Test, forecasting presentation and interpretation of results.
Functional forms of regression models
Estimation of Log-linear model, semilog models, reciprocal models and logarithmic reciprocal model.
Multiple Linear Regression Model
Estimation of parameters; goodness of fit - R2 and adjusted R 2; testing hypotheses – individual and joint, presentation and interpretation of results.
Software to be used: GRETL or EVIEWS (any one)
Links:
[1] https://www.economics.iisuniv.ac.in/courses/subjects/applied-econometrics-%E2%80%93i-0
[2] https://www.economics.iisuniv.ac.in/academic-session/2019-20