zbMATH — the first resource for mathematics

Applied regression analysis in econometrics. (English) Zbl 0697.62102
Statistics: Textbooks and Monographs, 102. New York etc.: Marcel Dekker, Inc. viii, 372 p. $ 107.50 (all other countries); $ 89.75 (USA and Canada) (1989).
This textbook has been written for undergraduate students with econometrics not being a major field but rather an augmentation to their major study area. For this reason statistical and mathematical tools are presented at an elementary level. Furthermore, the author integrates econometric techniques and their applications by use of the software package MINITAB.
The book is divided into two parts; the first one deals with basic regression analysis whereas the second is concerned with more advanced topics. Part one includes an introduction to Minitab, simple and multiple regressions, standard hypothesis testing, residual analysis and a few extensions to the basic regression model such as dummy variables, dynamic models, and distributed lags. A chapter written by I. W. B. Guise applies these techniques to different consumption function models.
The second part introduces stochastic regressors, instrumental variables and simultaneous equations. A brief introduction to ML-estimation and its properties is given. The last two chapters present binary choice models (Probit and Logit-Models) and specification testing. The author deals with specification tests for nested as well as non-nested models and with testing for exogeneity.
All in all, all topics which are dealt with are stated at an elementary level.
Reviewer: H.S.Buscher

62P20 Applications of statistics to economics
62-01 Introductory exposition (textbooks, tutorial papers, etc.) pertaining to statistics