Analysis of Economic Data

Rating:
Summary: What a relief? Remarkable simplification of econometrics.
Review: I believe, econometrics has evolved into an immensely useful theory though an equally complicated one. Prior grasp on knowledge of statistics and mathematics in general is critical. If you have tried it before, you may agree that drawing accurate inferences out of substantial economic data using statistical models could be a towering task in itself. Imagine yourself [if you are not one of those expert PhD's in economics or statistics] wanting to know why some economic indicaors behave the way they do. well! pick some books on econometrics and read. I will be surprized if you did not have to refer to some other text book to understand at least some of the topics in the book you chose to read. Gary Koop has written a remarkably simple book on the subject. You will not have to read any other text book to understand what Gary wrote. In fact, you will understand econometric models much better and then hopefully understand the meaning behind relationship of economic indicators. You will start thinking like an expert. What more joy is there for an eager and ordinary reader to chose and read a book on econometrics and actually understand it well? Try to find your lost needle in a heystack and remember the happiness you got when you found it. That is what I got from Gary's extraordinary book. Thank you Gary Koop.

Rating:
Summary: What a relief? Remarkable simplification of econometrics.
Review: I believe, econometrics has evolved into an immensely useful theory though an equally complicated one. Prior grasp on knowledge of statistics and mathematics in general is critical. If you have tried it before, you may agree that drawing accurate inferences out of substantial economic data using statistical models could be a towering task in itself. Imagine yourself [if you are not one of those expert PhD's in economics or statistics] wanting to know why some economic indicaors behave the way they do. well! pick some books on econometrics and read. I will be surprized if you did not have to refer to some other text book to understand at least some of the topics in the book you chose to read. Gary Koop has written a remarkably simple book on the subject. You will not have to read any other text book to understand what Gary wrote. In fact, you will understand econometric models much better and then hopefully understand the meaning behind relationship of economic indicators. You will start thinking like an expert. What more joy is there for an eager and ordinary reader to chose and read a book on econometrics and actually understand it well? Try to find your lost needle in a heystack and remember the happiness you got when you found it. That is what I got from Gary's extraordinary book. Thank you Gary Koop.