'Ols estimation' presentation slideshows

FNCE 926 Empirical Methods in Finance

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Overview

Overview. Introduction Part I: Replication of previous work with extended data Part II: Decomposition of total HCE Discussion and summary /1 Part III: Prognosis of future health care expenditure Discussion and summary /2. Introduction /1. Average HCE rises with age Age or

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12.3 Correcting for Serial Correlation w/ Strictly Exogenous Regressors

12.3 Correcting for Serial Correlation w/ Strictly Exogenous Regressors. The following autocorrelation correction requires all our regressors to be strictly exogenous -in particular, we should have no lagged explanatory variables Assume that our error terms follow AR(1) SERIAL CORRELATION :.

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Introduction

Introduction. Describe what panel data is and the reasons for using it in this format Assess the importance of fixed and random effects Examine the Hausman test, which determines if fixed or random effects should be used. Evaluate some panel data models. Panel Data.

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What is the MPC?

What is the MPC?. Learning Objectives. Use linear regression to establish the relationship between two variables A formal procedure for statistical inference. Consumption Function. Keynesian Consumption function ? income today, ? consumption today C= a+b *Y

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Economics 310

Economics 310. Lecture 4 Least-Squares Efficiency. Shazam Omitted Variable Example. |_sample 1 20 |_read x1 x2 x3 3 VARIABLES AND 20 OBSERVATIONS STARTING AT OBS 1 |_* Generate 1000 samples with true model: Y=10+3X1-5X2+4X3+e

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