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Lecture7a Applied Econometrics and Economic Modeling

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Applied Econometrics and Economic Modeling

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Simple Regression Scatterplots: Graphing Relationships
Background Information ,[object Object],[object Object],[object Object]
Background Information -- continued ,[object Object],[object Object],[object Object],[object Object]
PHARMEX.XLS ,[object Object],[object Object]
Creating the Scatterplot ,[object Object],[object Object],[object Object]
Creating the Scatterplot -- continued ,[object Object]
Interpretation ,[object Object],[object Object]
Causation ,[object Object],[object Object]
Background Information ,[object Object],[object Object],[object Object]
PHARMEX.XLS ,[object Object]
Least Squares Estimation ,[object Object],[object Object],[object Object]
Least Squares Estimation -- continued ,[object Object],[object Object]
Least Squares Estimation -- continued ,[object Object],[object Object]
Finding the Least Squares Line with StatPro ,[object Object],[object Object]
Finding the Least Squares Line with StatPro -- continued ,[object Object],[object Object],[object Object]
Regression Output Table
The Regression Output ,[object Object],[object Object],[object Object]
Least Square Line Equation ,[object Object],[object Object],[object Object],[object Object]
The Scatterplot ,[object Object],[object Object],[object Object],[object Object]
The Scatterplot of Residuals versus Fitted Values for Pharmex
Scatterplots: Graphing Relationships
Background Information ,[object Object],[object Object],[object Object]
Background Information -- continued ,[object Object],[object Object],[object Object]
Background Information -- continued ,[object Object],[object Object],[object Object],[object Object],[object Object]
BENDRIX1.XLS ,[object Object],[object Object],[object Object]
The Scatterplots ,[object Object],[object Object],[object Object]
Scatterplot of Overhead versus Machine Hours
Scatterplot of Overhead versus Production Runs
The Scatterplots -- continued ,[object Object],[object Object],[object Object]
Time Series Plot of Overhead versus Month
The Scatterplots -- continued ,[object Object]
In Summary ,[object Object],[object Object]
Simple Linear Regression
Background Information ,[object Object],[object Object],[object Object]
BENDRIX1.XLS ,[object Object],[object Object],[object Object],[object Object]
Regression Output for Overhead versus MachHrs
Regression Output for Overhead versus ProdRuns
Least Squares Line Equations ,[object Object],[object Object],[object Object]
Least Squares Line Equations -- continued ,[object Object],[object Object],[object Object]
Multiple Regression
Background Information ,[object Object],[object Object],[object Object]
BENDRIX1.XLS ,[object Object],[object Object],[object Object]
Solution ,[object Object],[object Object],[object Object]
Solution -- continued ,[object Object]
Results ,[object Object]
Interpretation of Equation ,[object Object],[object Object]
Equation Comparison ,[object Object],[object Object],[object Object],[object Object]
Equation Comparison -- continued ,[object Object],[object Object],[object Object]
Modeling Possibilities
BANK.XLS ,[object Object],[object Object]
Variables ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Variables -- continued ,[object Object],[object Object],[object Object],[object Object]
Naïve Approach ,[object Object],[object Object],[object Object],[object Object]

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