ECO220Y1 Chapter Notes -Econometrics, Regression Analysis, Panel Data

52 views3 pages
15 Nov 2013
School
Department
Course
jimmm and 37654 others unlocked
ECO220Y1 Full Course Notes
27
ECO220Y1 Full Course Notes
Verified Note
27 documents

Document Summary

Econometrics: the science and art of using economic theory and statistical techniques to analyze economic data. They must have a precise quantitative understanding of the likely benefits. Will smaller classes actually result in better performance or will it have no effect: data gathered from 420 california school districts in 1999 showed that students in smaller classes performed better than those in bigger classes. I. e. smaller classes in a region will typically imply the area is wealthy meaning students have more opportunities to learn outside of school. Multiple regression analysis must be used to isolate the effects of changes in class size from changes in other factors. These data must be examined more closely to see if there is a difference in the probability of being denied for otherwise identical applicants and, if so, whether the difference is large/small. To quantify the effect of race on the chance of obtaining a mortgage, other applicant characteristics besides race must be held constant.

Get access

Grade+20% off
$8 USD/m$10 USD/m
Billed $96 USD annually
Grade+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
40 Verified Answers
Class+
$8 USD/m
Billed $96 USD annually
Class+
Homework Help
Study Guides
Textbook Solutions
Class Notes
Textbook Notes
Booster Class
30 Verified Answers

Related textbook solutions

Related Documents