INTRODUCTION TO ECONOMETRICS II ECO 306 NOUN 52 adopts two alternative methods of compensating for the under-reporting: a) The researcher adds N billion to the data for
Y in each state
and N billion to the data for X. b) The researcher increases the figures for both
Y and
X in each state by 10 percent.
2.) Derive from first principles the least squares estimator of in the model
2.1.7.0 REFERENCES FURTHER READING Dominick, S, & Derrick, R. (2002).
Theory and problems of statistics and econometrics.Schaum‟s Outline Series.
Dougherty, C. (2007).
Introduction to econometrics.
Oxford University Press, USA. N Gujaratti, D. (2004).
Basic econometrics.
McGraw-Hill, New York. Stock, J. H, & Watson, MW. (2015).
Introduction to econometrics. Pearson. Smith, G. (2013).
Econometric Principles and Data Analysis.Centre for Financial and Management Studies SOAS,
University of London, London.
