00 Introduction Flashcards
general econometric model
y = B0 + B1x + u
“left side variable”
dependent variable
“right side variable”
independent variable
explanatory variable
cross-sectional data
data on different entities for a single time period
time series data
data for a single entity collected at multiple time periods
panel data
data for multiple entities in which each entity is observed at two or more time periods
data for a single entity collected at multiple time periods
time series data
data for multiple entities in which each entity is observed at two or more time periods
panel data
data on different entities for a single time period
cross-sectional data
konkludere fra noe (engelsk)
draw an inference from something
estimate quality
unbiased, consistent, efficient
typical steps in an econometric analysis
- Economic model
- Econometric model
- Collect data
- Estimate the econometric model
- Statistical inference