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Regression for Economics by Shahdad Naghshpour

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Glossary of Terms

Adjusted R Squared provides a correction to R square based on the number of independent variables in the model.

Better is a concept that refers to the smallness of the average squared error.

Ceteris paribus is (Latin) for “other things being equal.”

Coefficients are parameters in a regression and they are sometimes called slopes.

Coefficient of determination is another name for R squared. It shows the percentage of variation in the dependent variable that is explained by the regression line, over and above the average of the dependent variable.

Conditional expected value represents a change in the exogenous variable (Y) as a result of a unit change in a particular X.

Cross-sectional analysis is any analysis using cross-sectional ...

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