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Wednesday, February 19, 2014

Know the basics of regression

People out of economics arena often argue on the necessity of regression analysis. It seems, nowadays, knowing (or, not knowing) regression analysis becomes a distinguishing factor for whether an economic policy prescription will be accepted or not. Also, from the policymakers’ perspective, policy suggestions based on proper econometric analysis have been increasingly getting attention. Thus knowing and applying properly some of the basics of econometrics may help to strengthen the argument, especially those who like to see the real impact of their works. Reading this short article (Regression: An Economist Obsession) may guide.    

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