Traditional topics are carefully blended with newer techniques and trends. While the authors of this text assume students have taken a basic course in statistics, they provide a complete appendix on basic statistical theory for those who may need a refresher. In addition, the authors include in an appendix a review of all relevant topics in matrix algebra. An innovative feature of this book is the detailed descriptions of several pieces of applied econometric research. This book provides a compact, thirteen-chapter presentation.
Coverage includes clear explanations of the derivation of econometric methods and practices.
The authors then go on to show how, in practice, these methods apply to estimation and testing of economic models. Applications are built upon US economic data, all of which is contained on the data disk packaged with the text.