《计量经济学导论》ch2.pptVIP

Chapter 2 ;Definition of the simple linear regression model;Interpretation of the simple linear regression model The simple linear regression model is rarely applicable in prac-tice but its discussion is useful for pedagogical reasons;Example: Soybean yield and fertilizer Example: A simple wage equation;When is there a causal interpretation? Conditional mean independence assumption Example: wage equation;Population regression function (PFR) The conditional mean independence assumption implies that This means that the average value of the dependent variable can be expressed as a linea