Foreword

Statistics Is the Science of Finding Order in Chaos

Regression analysis is by far the most commonly used statistical analysis tool in many areas of science, including Economics. After you finish the book, I hope you will agree with me that if there was one tool tailor-made for economics, it must be regression analysis. They are many aspects of regression that perfectly match the needs of an economist.

Often students of introductory statistics are overwhelmed because of the diversity of the material. There are too many new concepts and too many different topics, which may not seem related in any sensible way. In regression analysis, the focus is on one and only one topic, regression analysis. This narrow focus is due to several reasons. ...

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