Essential Statistics, Regression, and Econometrics

Essential Statistics, Regression, and Econometrics

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Essential Statistics, Regression, and Econometrics, Second Edition, is innovative in its focus on preparing students for regression/econometrics, and in its extended emphasis on statistical reasoning, real data, pitfalls in data analysis, and modeling issues. This book is uncommonly approachable and easy to use, with extensive word problems that emphasize intuition and understanding. Too many students mistakenly believe that statistics courses are too abstract, mathematical, and tedious to be useful or interesting. To demonstrate the power, elegance, and even beauty of statistical reasoning, this book provides hundreds of new and updated interesting and relevant examples, and discusses not only the uses but also the abuses of statistics. The examples are drawn from many areas to show that statistical reasoning is not an irrelevant abstraction, but an important part of everyday life. Includes hundreds of updated and new, real-world examples to engage students in the meaning and impact of statistics Focuses on essential information to enable students to develop their own statistical reasoning Ideal for one-quarter or one-semester courses taught in economics, business, finance, politics, sociology, and psychology departments, as well as in law and medical schoolsAn auto dealer claims that the resale value P of a 2005 Toyota Camry LE sedan depends on the number of miles M that it has been driven and whether it has an automatic or five-speed manual transmission. ... Use Table 10.2a#39;s 2009 prices of 2005 Camry LE sedans in excellent condition to estimate the equation P1a„4 a A¾ b1D A¾ b2M A¾ b3DM A¾ Im, where P 1a„4 price, M 1a„4 mileage, and D 1a„4 0 if the caranbsp;...

Title:Essential Statistics, Regression, and Econometrics
Author:Gary Smith
Publisher:Academic Press - 2015-06-08


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