3Methodology of Simple Regression Analysis
3.1 Introduction
Econometrics is a quantitative analysis. Various quantitative techniques were applied for fitting the model at given data. These techniques, perhaps, are not too difficult to learn. However, understanding the properties of these statistical methodologies is a more difficult thing than knowing the quantitative technique itself. We start from the simple regression analysis in this chapter and then go to multiple regression analysis in the next chapter.
The structure of this chapter is organised as follows. Following the introduction in Section 3.1, the simple regression analysis is explained and discussed in Section 3.2; the least square method mainly ...
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