For courses in Econometrics.
A Practical Guide to Using Econometrics, Global Edition offers students an innovative introduction to elementary econometrics. Through real-world examples and exercises, the book covers the topic of single-equation linear regression analysis in an easily understandable format.
The 7th Edition is appropriate for all levels: beginner econometric students, regression users seeking a refresher, and experienced practitioners who want a convenient reference. Praised as one of the most important texts in the last 30 years, the book retains its clarity and practicality in previous editions with a number of substantial improvements throughout.
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Preview sample pages from A Practical Guide to Using Econometrics, Global Edition Features
The book’s intuitive approach omits matrix algebra and relegates proofs and calculus to the footnotes or exercises to make core concepts easier to grasp.
An example-oriented approach helps students practice and understand applied economics. Interactive Regression Learning Exercises help students simulate economic analysis by giving them feedback on various decisions without much computer time or instructor supervision.
New to this edition
Expanded econometric content includes new tests and procedures, such as the Breusch-Pagan test and the Weinstein-Prais Approach to Generalised Least Squares. Other expanded topics include the F-test, confidence intervals, the Language Multiplier test, and the Dickey-Fuller test. Notations and explanations have been simplified and clarified throughout, particularly in difficult topics like dynamic equations, dummy dependent variables, instrumental variables, and panel data. Economics Labs are innovative learning tools, located in the appendices, that give students hands-on opportunities to better understand economic principles both during and after class.
Stata, the economic software package of choice among economists, is used throughout the text. All text examples and exercises are estimated with Stata, and an explanation of the software is included in the appendix and on the website.
Answers to exercises in the text have been tripled and can be found in the appendices, allowing students to learn on their own.
PowerPoint Slides throughout the text have been dramatically improved to replicate each chapter’s main equations and examples, as well as provide chapter summaries and key concept lists.
