截面与面板数据法分析CH3学习课件.pptVIP

Chap 3. Multiple Regression Analysis：Estimation Advantages of multiple regression analysis build better models for predicting the dependent variable. E.g. generalize functional form. Marginal propensity to consume Be more amenable to ceteris paribus analysis Key assumption: Implication: other factors affecting wage are not related on average to educ and exper. Multiple linear regression model:OLS Estimator OLS:Minimize ceteris paribus interpretations: Holdingfixed, then Thus, we have controlled for the variableswhen estimating the effect of x1 on y. Holding Other Factors Fixed The powe