Econometrics methods / Vijay Kumar Ari, Randheer Singh Bhinchar.

By:

Ari, Vijay Kumar [author]

Contributor(s):

Bhinchar, Randheer Singh [author]

Material type: Text

TextLanguage: English Publication details: New Delhi : Random Publications, 2021.Description: 297 pages : illustrations ; 24 cmContent type:

text

Media type:

unmediated

Carrier type:

volume

ISBN:

9789352697441 (hardback)

Subject(s):

LOC classification:

HB139 Ar4 2021

Online resources:

Click here to view the table of contents

Contents:

Basics of Economics -- Definition of econometric methods -- Macroeconomics: economic performance and growth --Econometrics: techniques and application -- Variables used in regression -- Demand analysis and forecasting -- Economic models in mathematics -- Economic equilibrium -- Macroeconomic models.

Summary: "Econometrics is concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles. It combines economic theory with statistics to analyse and test economic relationships. Econometrics deals with the measurement of economic relationships. It is an integration of economics, mathematical economics and statistics with an objective to provide numerical values to the parameters of economic relationships. The relationships of economic theories are usually expressed in mathematical forms and combined with empirical economics. The econometrics methods are used to obtain the values of parameters which are essentially the coefficients of the mathematical form of the economic relationships. The statistical methods which help in explaining the economic phenomenon are adapted as econometric methods. The econometric relationships depict the random behaviour of economic relationships which are generally not considered in economics and mathematical formulations. The econometric model can either be a single-equation regression model or may consist a system of simultaneous equations. In most commodities, the single-equation regression model serves the purpose. But, however, in the case where the explanatory economic variables are so interdependent or interrelated to each other that unless one is defined the other variable cannot be determined, a single-equation regression model does not serve the purpose. And, therefore in such situation, the system of simultaneous equations is used to forecast the variable. The primary goal of this book is to present an elementary, but comprehensive treatment of econometrics for under graduate and postgraduate students and research scholars in various universities."--Back cover

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Holdings
Item type	Current library	Collection	Call number	Materials specified	URL	Copy number	Status	Date due	Barcode
Books	Ladislao N. Diwa Memorial Library Reserve Section	Non-fiction	RUS HB139 Ar4 2021 (Browse shelf(Opens below))		Link to resource	c1	Room use only		00083071
Books	Ladislao N. Diwa Memorial Library Circulation Section	Non-fiction	HB139 Ar4 2021 (Browse shelf(Opens below))		Link to resource	c2	Available		00083072

Includes bibliographical references and index.

"Econometrics is concerned with the tasks of developing and applying quantitative or statistical methods to the study and elucidation of economic principles. It combines economic theory with statistics to analyse and test economic relationships. Econometrics deals with the measurement of economic relationships. It is an integration of economics, mathematical economics and statistics with an objective to provide numerical values to the parameters of economic relationships. The relationships of economic theories are usually expressed in mathematical forms and combined with empirical economics. The econometrics methods are used to obtain the values of parameters which are essentially the coefficients of the mathematical form of the economic relationships. The statistical methods which help in explaining the economic phenomenon are adapted as econometric methods. The econometric relationships depict the random behaviour of economic relationships which are generally not considered in economics and mathematical formulations. The econometric model can either be a single-equation regression model or may consist a system of simultaneous equations. In most commodities, the single-equation regression model serves the purpose. But, however, in the case where the explanatory economic variables are so interdependent or interrelated to each other that unless one is defined the other variable cannot be determined, a single-equation regression model does not serve the purpose. And, therefore in such situation, the system of simultaneous equations is used to forecast the variable. The primary goal of this book is to present an elementary, but comprehensive treatment of econometrics for under graduate and postgraduate students and research scholars in various universities."--Back cover

Fund 164 Wiseman's Books Trading, Inc. Purchased 08/30/2022 0 pnr PHP 7,998.00 copy 1 2022-08-634 2022-1-0743

Fund 164 Wiseman's Books Trading, Inc. Purchased 08/30/2022 0 pnr PHP 7,998.00 copy 2 2022-08-634 2022-1-0743

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