July 2018
Beginner to intermediate
376 pages
9h 1m
English
The previous section introduced a host of problems through real datasets, and we will now discuss some standard model variants that are useful for dealing with such problems. First, we set up the required mathematical framework.
Suppose that we have n independent pairs of observations,
, where
denotes the random variable of interest, also known as the dependent variable, regress and, endogenous variable, and so on. is the associated vector of explanatory variables, or independent/exogenous variables. The explanatory ...