Essentials of econometrics, 4th ed.

Abstract

As in the previous editions, the primary objective of the fourth edition of Essentials of Econometrics is to provide a user-friendly introduction to econometric theory and techniques. The intended audience is undergraduate economics majors, undergraduate business administration majors, MBA students, and others in social and behavioral sciences where econometrics techniques, especially the techniques of linear regression analysis, are used. The book is designed to help students understand econometric techniques through extensive examples, careful explanations, and a wide variety of problem material. In each of the previous editions, I have tried to incorporate major developments in the field in an intuitive and informative way without resorting to matrix algebra, calculus, or statistics beyond the introductory level. The fourth edition continues that tradition. Although I am in the eighth decade of my life, I have not lost my love for econometrics and I strive to keep up with the major developments in the field. To assist me in this endeavor, I am now happy to have Dr. Dawn Porter, Assistant Professor of Statistics at the Marshall School of Business at the University of Southern California in Los Angeles, as my co-author. Both of us have been deeply involved in bringing the fourth edition of Essentials of Econometrics to fruition.