伍德里奇计量经济学讲义8.pptxVIP

会计学 1 伍德里奇计量经济学讲义8 2 Parallels with Simple Regression b0 is still the intercept b1 to bk all called slope parameters u is still the error term (or disturbance) Still need to make a zero conditional mean assumption, so now assume that E(u|x1,x2, …,xk) = 0 Still minimizing the sum of squared residuals, so have k+1 first order conditions 第1页/共28页 3 Interpreting Multiple Regression 第2页/共28页 4 A “Partialling Out” Interpretation 第3页/共28页 5 “Partialling Out” continued Previous equation implies that regressing y on x1 and x2 gives same effect of x1 as regressing y on residuals from a regression