Bases of Econometrics LN03516

Content:
Basic concepts in econometrics, econometric modeling stages. The method of least squares as the basic method of estimating an econometric model - properties and assumptions. Verification of the model: content and statistical: the coefficient of determination, the problem of collinearity, the test of significance of model parameters, the verification of the assumptions of the OLS. Evading assumptions for OLS - tests. The use of econometric models: verification of the theory of economic forecasting. Nonlinear econometric models.