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Applied Econometric Times Series, 3rd Edition by Walter Enders

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PREFACE

When I began writing the first edition, my intent was to write a text in time-series macroeconometrics. Fortunately, a number of my colleagues convinced me to broaden the focus. Applied microeconomists have embraced time-series methods, and the political science journals have become more quantitative. As in the first edition, examples are drawn from macroeconomics, agricultural economics, international finance, and my work with Todd Sandler on the study of transnational terrorism. You should find that the examples in the text provide a reasonable balance between macroeconomic and microeconomic applications.

The text is intended for those with some background in multiple regression analysis. I presume the reader understands the assumptions underlying the use of ordinary least squares. All of my students are familiar with the concepts of correlation and covariation; they also know how to use t-tests and F-tests in a regression framework. I use terms such as mean square error, significance level, and unbiased estimate without explaining their meaning. Two chapters of the text examine multiple time-series techniques. To work through these chapters, it is necessary to know how to solve a system of equations using matrix algebra. Chapter 1, “Difference Equations,” is the cornerstone of the text. In my experience, this material and a knowledge of regression analysis are sufficient ...

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