《计量经济学导论》ch6.pptVIP

  1. 1、本文档共17页,可阅读全部内容。
  2. 2、原创力文档(book118)网站文档一经付费(服务费),不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
  3. 3、本站所有内容均由合作方或网友上传,本站不对文档的完整性、权威性及其观点立场正确性做任何保证或承诺!文档内容仅供研究参考,付费前请自行鉴别。如您付费,意味着您自己接受本站规则且自行承担风险,本站不退款、不进行额外附加服务;查看《如何避免下载的几个坑》。如果您已付费下载过本站文档,您可以点击 这里二次下载
  4. 4、如文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“版权申诉”(推荐),也可以打举报电话:400-050-0827(电话支持时间:9:00-18:30)。
  5. 5、该文档为VIP文档,如果想要下载,成为VIP会员后,下载免费。
  6. 6、成为VIP后,下载本文档将扣除1次下载权益。下载后,不支持退款、换文档。如有疑问请联系我们
  7. 7、成为VIP后,您将拥有八大权益,权益包括:VIP文档下载权益、阅读免打扰、文档格式转换、高级专利检索、专属身份标志、高级客服、多端互通、版权登记。
  8. 8、VIP文档为合作方或网友上传,每下载1次, 网站将根据用户上传文档的质量评分、类型等,对文档贡献者给予高额补贴、流量扶持。如果你也想贡献VIP文档。上传文档
查看更多
Chapter 6 ;More on Functional Form More on using logarithmic functional forms Convenient percentage/elasticity interpretation Slope coefficients of logged variables are invariant to rescalings Taking logs often eliminates/mitigates problems with outliers Taking logs often helps to secure normality and homoscedasticity Variables measured in units such as years should not be logged Variables measured in percentage points should also not be logged Logs must not be used if variables take on zero or negative values It is hard to reverse the log-operation when constructing predictions;Using quadratic functional forms Example: Wage equation Marginal effect of experience;Wage maximum with respect to work experience;Example: Effects of pollution on housing prices;Calculation of the turnaround point;Other possibilities Higher polynomials;Models with interaction terms Interaction effects complicate interpretation of parameters;Population means; may be replaced by sample means;More on goodness-of-fit and selection of regressors General remarks on R-squared A high R-squared does not imply that there is a causal interpretation A low R-squared does not preclude precise estimation of partial effects Adjusted R-squared What is the ordinary R-squared supposed to measure?;Adjusted R-squared (cont.) A better estimate taking into account degrees of freedom would be The adjusted R-squared imposes a penalty for adding new regressors The adjusted R-squared increases if, and only if, the t-statistic of a newly added regressor is greater than one in absolute value Relationship between R-squared and adjusted R-squared ;Using adjusted R-squared to choose between nonnested models Models are nonnested if neither model is a special case of the other A comparison between the R-squared of both models would be unfair to the first model because the first model contains fewer parameters In the given example, even after adjusting for the difference in degrees of freedom, the quadratic model is preferre

文档评论(0)

1243595614 + 关注
实名认证
文档贡献者

文档有任何问题,请私信留言,会第一时间解决。

版权声明书
用户编号:7043023136000000

1亿VIP精品文档

相关文档