Cover image for A guide to econometrics
Title:
A guide to econometrics
Author:
Kennedy, Peter, 1943-2010
Personal Author:
Edition:
First MIT Press edition.
Publication Information:
Cambridge, Mass. : MIT Press, [1979]

©1979
Physical Description:
xi, 175 pages : graphs ; 22 cm
General Note:
Includes index.
Language:
English
Subject Term:
ISBN:
9780262110730

9780262610315
Format :
Book

On Order

Summary

Summary

As the wounds of the Civil War are just beginning to heal, one fateful summer would forever alter the course of a young girl’s life.
 
In 1868, on the barren shores of post-war Outer Banks North Carolina, the once wealthy Sinclair family moves for the summer to one of the first cottages on the ocean side of the resort village of Nags Head. Seventeen-year-old Abigail is beautiful, book-smart, but sheltered by her plantation life and hemmed-in by her emotionally distant family. To make good use of time, she is encouraged by her family to teach her father’s fishing guide, the good-natured but penniless Benjamin Whimble, how to read and write. And in a twist of fate unforeseen by anyone around them, there on the porch of the cottage, the two come to love each other deeply, and to understand each other in a way that no one else does.
 
But when, against everything he claims to represent, Ben becomes entangled in Abby's father's Ku Klux Klan work, the terrible tragedy and surprising revelations that one hot Outer Banks night brings forth threaten to tear them apart forever.
 
With vivid historical detail and stunning emotional resonance, Diann Ducharme recounts a dramatic story of love, loss, and coming of age at a singular and rapidly changing time in one of America’s most beautiful and storied communities.  


From the Hardcover edition.


Summary

As the wounds of the Civil War are just beginning to heal, one fateful summer would forever alter the course of a young girl’s life.
 
In 1868, on the barren shores of post-war Outer Banks North Carolina, the once wealthy Sinclair family moves for the summer to one of the first cottages on the ocean side of the resort village of Nags Head. Seventeen-year-old Abigail is beautiful, book-smart, but sheltered by her plantation life and hemmed-in by her emotionally distant family. To make good use of time, she is encouraged by her family to teach her father’s fishing guide, the good-natured but penniless Benjamin Whimble, how to read and write. And in a twist of fate unforeseen by anyone around them, there on the porch of the cottage, the two come to love each other deeply, and to understand each other in a way that no one else does.
 
But when, against everything he claims to represent, Ben becomes entangled in Abby's father's Ku Klux Klan work, the terrible tragedy and surprising revelations that one hot Outer Banks night brings forth threaten to tear them apart forever.
 
With vivid historical detail and stunning emotional resonance, Diann Ducharme recounts a dramatic story of love, loss, and coming of age at a singular and rapidly changing time in one of America’s most beautiful and storied communities.  


From the Hardcover edition.


Reviews 2

Choice Review

The exceptional success of this work is due to its clarity and economy of expression and the accessibility of the subject matter to a broad range of scholars. Now in its sixth edition, this guide brings practitioners and researchers up to date on the popular techniques in estimation. Texts in econometrics range from overly simplistic "do this and get that" to advanced mathematical proofs of the properties of estimators. Kennedy (Simon Fraser Univ.) succeeds in covering the ground where most researchers find themselves. His work allows one to quickly compare estimation procedures; places the procedure in the broader context; and provides references for advanced study. It holds a unique position among econometric texts. It is the book this reviewer consults first when considering an estimation procedure and the one looked to when interpreting estimates. The format of this edition is the same as the others, but the inclusion of a chapter on instrumental variable estimation is a welcome addition. The broad outline goes back at least to Arthur S. Goldberger's Econometric Theory (1964). Summing Up: Highly recommended. Upper-division undergraduate through professional collections. J. F. O'Connell emeritus, College of Holy Cross


Choice Review

The exceptional success of this work is due to its clarity and economy of expression and the accessibility of the subject matter to a broad range of scholars. Now in its sixth edition, this guide brings practitioners and researchers up to date on the popular techniques in estimation. Texts in econometrics range from overly simplistic "do this and get that" to advanced mathematical proofs of the properties of estimators. Kennedy (Simon Fraser Univ.) succeeds in covering the ground where most researchers find themselves. His work allows one to quickly compare estimation procedures; places the procedure in the broader context; and provides references for advanced study. It holds a unique position among econometric texts. It is the book this reviewer consults first when considering an estimation procedure and the one looked to when interpreting estimates. The format of this edition is the same as the others, but the inclusion of a chapter on instrumental variable estimation is a welcome addition. The broad outline goes back at least to Arthur S. Goldberger's Econometric Theory (1964). Summing Up: Highly recommended. Upper-division undergraduate through professional collections. J. F. O'Connell emeritus, College of Holy Cross


Table of Contents

Prefacep. xi
Dedicationp. xv
1 Introductionp. 1
2 Criteria for Estimatorsp. 11
3 The Classical Linear Regression Modelp. 47
4 Interval Estimation and Hypothesis Testingp. 60
5 Specificationp. 81
6 Violating Assumption One: Wrong Regressors, Nonlinearities, and Parameter Inconstancyp. 107
7 Violating Assumption Two: Nonzero Expected Disturbancep. 129
8 Violating Assumption Three: Nonspherical Disturbancesp. 133
9 Violating Assumption Four: Measurement Errors and Autoregressionp. 157
10 Violating Assumption Four: Simultaneous Equationsp. 180
11 Violating Assumption Five: Multicollinearityp. 205
12 Incorporating Extraneous Informationp. 218
13 The Bayesian Approachp. 230
14 Dummy Variablesp. 248
15 Qualitative Dependent Variablesp. 259
16 Limited Dependent Variablesp. 281
17 Panel Datap. 301
18 Time Series Econometricsp. 319
19 Forecastingp. 358
20 Robust Estimationp. 372
21 Applied Econometricsp. 389
Appendix A Sampling Distributions, the Foundation of Statisticsp. 418
Appendix B All about Variancep. 423
Appendix C A Primer on Asymptoticsp. 429
Appendix D Exercisesp. 436
Appendix E Answers to Even-numbered Questionsp. 516
Glossaryp. 544
Bibliographyp. 550
Name Indexp. 601
Subject Indexp. 610
Prefacep. xi
Dedicationp. xv
1 Introductionp. 1
2 Criteria for Estimatorsp. 11
3 The Classical Linear Regression Modelp. 47
4 Interval Estimation and Hypothesis Testingp. 60
5 Specificationp. 81
6 Violating Assumption One: Wrong Regressors, Nonlinearities, and Parameter Inconstancyp. 107
7 Violating Assumption Two: Nonzero Expected Disturbancep. 129
8 Violating Assumption Three: Nonspherical Disturbancesp. 133
9 Violating Assumption Four: Measurement Errors and Autoregressionp. 157
10 Violating Assumption Four: Simultaneous Equationsp. 180
11 Violating Assumption Five: Multicollinearityp. 205
12 Incorporating Extraneous Informationp. 218
13 The Bayesian Approachp. 230
14 Dummy Variablesp. 248
15 Qualitative Dependent Variablesp. 259
16 Limited Dependent Variablesp. 281
17 Panel Datap. 301
18 Time Series Econometricsp. 319
19 Forecastingp. 358
20 Robust Estimationp. 372
21 Applied Econometricsp. 389
Appendix A Sampling Distributions, the Foundation of Statisticsp. 418
Appendix B All about Variancep. 423
Appendix C A Primer on Asymptoticsp. 429
Appendix D Exercisesp. 436
Appendix E Answers to Even-numbered Questionsp. 516
Glossaryp. 544
Bibliographyp. 550
Name Indexp. 601
Subject Indexp. 610

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