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Introduction to Econometrics (Chapter 1) - Part - 3 of 3 - Types of Econometric Data (ኢኮኖሜትሪክስ)



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Amharic Video tutorials on Introduction to Econometrics (Chapter 1) - Types of Econometric Data (ኢኮኖሜትሪክስ) - for Accounting and Finance, Economics, management and other departments under the college of business and economics, agriculture, social science, and other. It addresses:
Types of Data, Cross-sectional data
, Time series data
, Pooled cross-sectional data, and
Panel or longitudinal data, Primary and
Secondary sources of data, data at Micro level or
At Macro level, Quantitative (interval, ratio or count data or variables);
Qualitative (nominal or ordinal data or variables), Simple Linear Regression Analysis or Model, Multiple Linear Regression Analysis or Model (MLRM), Binary (binomial) Logit or Probit model, Multinomial Logit or Probit model, Ordered Logit or Probit model , Time series/panel data analysis models such as Pooled OLS, Fixed effects and Random effects models, Careful formulation of the question/problem of interest, Statement of theory or hypothesis regarding the problem, Specification of the mathematical/economic/econometric model, Collecting (obtaining) relevant data for the analysis, Estimation of the model (parameters), Performing model diagnostics to check model adequacy (Hypothesis testing), Forecasting or prediction of variable/s of interest, Using the model for decision making (control or policy purposes), Keynesian theory of consumption , Goals of Econometric Analysis, Econometrics also fills the gap between being a “student” and being a “practitioner”, meaning or definition of econometrics, aim or objectives of econometrics, similarity and difference between theory and model, similarity and difference between Economic and Econometric theories, similarity and difference between Economic and Econometric Models, the reason why Econometrics is a Separate Discipline and its relationship with other related disciplines, Steps Involved in an Econometric Analysis i.e. Methodology or Approaches of Econometrics, Types of data for econometric analysis, purpose of studying the quantitative relationships among economic variables and economic phenomena, What is Econometrics, Economic theory, Business mathematics, Economic statistics, Mathematical Statistics, Finance, The Circular Flow Diagram model, Supply and demand model etc. Exit Exam and Model Exam questions
Category
Management
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