Welcome to Scribd. Sign in or start your free trial to enjoy unlimited e-books, audiobooks & documents.Find out more
Standard view
Full view
of .
0 of .
Results for:
P. 1
six steps in regression analysis by hasan nagra econometrics sir atif notes

# six steps in regression analysis by hasan nagra econometrics sir atif notes

Ratings:
(0)
|Views: 11|Likes:
six steps in regression analysis by hasan nagra econometrics sir atif notes
six steps in regression analysis by hasan nagra econometrics sir atif notes

Categories:Types, Research

### Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as PPT, PDF, TXT or read online from Scribd
See more
See less

04/03/2015

pdf

text

original

Chapter 3
Learning to UseRegression Analysis
Slides by Niels-Hugo BlunchWashington and Lee University

3-1
Steps in AppliedRegression Analysis
The first step is choosing the
dependent
variable
–
this step isdetermined by the purpose of the research (see
Chapter 11
for details)
After choosing the dependent variable, it’s logical to follow the
following sequence:
1. Review the literature and develop the theoretical model
2. Specify the model: Select the independent variables and thefunctional form3. Hypothesize the expected signs of the coefficients
4. Collect the data. Inspect and clean the data
5. Estimate and evaluate the equation6. Document the results

3-2
Step 1: Review the Literature andDevelop the Theoretical Model
Perhaps counter intuitively, a strong theoretical foundationis the best start for any empirical project
Reason: main econometric decisions are determined by theunderlying theoretical model
Useful starting points:
–
Journal of Economic Literature or a business oriented publication of abstracts
–
Internet search, including Google Scholar
–
EconLit, an electronic bibliography of economics literature (for moredetails, go to www.EconLit.org)

## Activity (1)

You've already reviewed this. Edit your review.