Explain Important Statistical and Econometric Concepts - Economics Assignment Help

Assignment Task:

Task:

Course Aims

The aim of this course is to give you an opportunity to develop an understanding of econometrics to a standard that will equip you to understand and evaluate most applied analysis of cross- sectional data and to be able to undertake such analysis yourself. Econometrics I will be restricted to cross-sectional data (data raised at one moment in time, often through a survey of households, individuals, or enterprises. Specifically the aims of the course are to: develop an understanding of the use of regression analysis and related techniques for quantifying economic relationships and testing economic theories, equip you to read and evaluate empirical papers in professional journals provide you with practical experience of using mainstream regression programmes to fit economic models.

Course Learning Outcomes
Upon successful completion of this course students will be able to:

Explain important statistical and econometric concepts.
? Apply basic simple and multiple linear regression, and Ordinary Least Squares (OLS) estimation procedure to real world problems.
? Generate and test hypotheses.
? Explain basic assumptions of the OLS, test their validity in practical situations, and deal with their violations.
? Describe the features of different types of economic data, and command some basic tools and techniques of econometric analysis.
? Undertake research using econometric methods.

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