Using Econometrics: A Practical Guide (4th Edition)

Rating:
Summary: A must have for introductory econometrics
Review: Using Econometrics: A Practical Guide, is an excellent text for an introductory course in econometrics. I commend the the author for using a logical and systematic manner regarding the structure of the book. The beginning chapters emphasize regression analysis and hypothesis testing. The middle chapters relax each of the classical assumptions regarding OLS analysis, therefore confronting nonlinear functional form, autocorrelation, multicollinearity, heteroskedasticity, and so on. Finally, the last chapters of the book encompass further topics in econometric analysis, such as forecasting, simultaneous equations, dependent binary variables, etc.

I recommend this book to those who understand university-level algebra and statistical concepts such as probability theory, hypothesis testing, central limit theorem, etc. However, calculus based probability theory is not at all a prerequisite for this text.