多元回归分析模型识别和数据问题.pptVIP

第八章　多元回归分析 模型识别和数据问题 contents Functional form misspecification Using proxy variables Measurement error in variables Missing data and Outlying observations Functional from misspecification Functional Form We’ve seen that a linear regression can really fit nonlinear relationships Can use logs on RHS, LHS or both Can use quadratic forms of x’s Can use interactions of x’s How do we know if we’ve gotten the right functional form for our model? Functional Form (continued) First, use economic theory to guide you Y=AKaLbeu or lnY = lnA + alnK + blnL + u Think about the interpretation log(wage)=b0 +