<b>What is Econometrics</b><br />The field of econometrics involves the utilization of statistical techniques to analyze economic data with the objective of providing empirical evidence to economic relationships. More specifically, it refers to &quot;the quantitative analysis of actual economic phenomena based on the concurrent development of theory and observation, related by appropriate methods of inference.&quot; In a textbook that provides an introduction to economics, econometrics is described as a tool that enables economists to &quot;sift through mountains of data to extract simple relationships.&quot; In the field of econometrics, Jan Tinbergen is identified as one of the two founding fathers. That other individual, Ragnar Frisch, was also the one who first used the phrase in the manner that it is used today.<br /><b>How you will benefit</b><br />(I) Insights, and validations about the following topics:<br />Chapter 1: Econometrics<br />Chapter 2: Least squares<br />Chapter 3: Gauss?Markov theorem<br />Chapter 4: Regression analysis<br />Chapter 5: Consistent estimator<br />Chapter 6: Instrumental variables estimation<br />Chapter 7: Probit model<br />Chapter 8: Ordinary least squares<br />Chapter 9: Simple linear regression<br />Chapter 10: Seemingly unrelated regressions<br />Chapter 11: Breusch?Pagan test<br />Chapter 12: Cochrane?Orcutt estimation<br />Chapter 13: Generalized least squares<br />Chapter 14: Statistical model specification<br />Chapter 15: Heteroskedasticity-consistent standard errors<br />Chapter 16: Heckman correction<br />Chapter 17: Polynomial regression<br />Chapter 18: Error correction model<br />Chapter 19: Errors-in-variables models<br />Chapter 20: Linear regression<br />Chapter 21: Homoscedasticity and heteroscedasticity<br />(II) Answering the public top questions about econometrics.<br />(III) Real world examples for the usage of econometrics in many fields.<br />(IV) Rich glossary featuring over 1200 terms to unlock a comprehensive understanding of econometrics. (eBook only).<br /><b>Who will benefit</b><br />Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of econometrics.<br />&nbsp;