Essentials of Econometrics, Volume 1

assumption autocorrelation average B₁ B₂ Chapter CLFPR CLRM collinearity computed confidence interval constant consumption expenditure correlation covariance CUNR data given dependent variable discussed dummy variable Econometrics economic elasticity Equation error term example expected value expenditure on Lotto explanatory variables F value following regression given in Eq given in Table heteroscedasticity homoscedastic hypothesis testing income lagged least squares level of significance linear regression linear regression model log-linear log-linear model Lotto expenditure mean value measured method MINITAB multicollinearity multiple regression normal distribution Note null hypothesis observations OLS estimators P/E ratio parameters percent population probability distribution problem R² value random sample random variables regression analysis regression coefficients regression results reject the null relationship residuals sample mean shows slope coefficient specification error standard errors statistically significant stochastic sum of squares theory tion transformed true two-variable type I error X₁ X2 and X3 Y₁ zero