This book helps to understand the art of model building - what type of model to build, building the appropriate model, testing it statistically and applying the model to practical problems in forecasting and analysis. Key features are: * Includes new material on descriptive statistics; * A new chapter on non-linear and maximum likelihood estimation with a section on ARCH and GARCH models; * Includes new test for heteroscedasticity and use of panel data; and * Comprehensive with extensive examples. Content is: The Basics of Regression Analysis. Introduction to the Regression Model. Elementary Statistics. The Two-Variable Regression Model. The Multiple Regressions Model. Using the Multiple Regression Model. Serial Correlation and Heteroscedasticity. Instrumental Variables and Model Specification. Forecasting with Single-Equation Regression Model. Risk Analysis in Investment Decisions. Business Valuation and Corporate Restructuring. (A)
Samenvatting