Applied Econometrics with SAS

Chapter 1

Introduction

Contents

1.1 Overview

1.2 Applications of Economic Analysis

1.3 Intended Audience

1.4 Examples for Hands-On Practice

1.1 Overview

As computing speed has increased, applied econometric analysis has significantly expanded its scope and scale. Analysis that only 20 years ago was infeasible can now be completed in the blink of an eye. These developments have helped to shape economics as an empirical science. Modern analysts have a multitude of tools at their disposal, and SAS remains the first choice for many in research, academia, and the business analytics sector. SAS has a number of important advantages. First and foremost, it is thoroughly tested and validated for critical applications. It is fast, with many procedures ...