National open university of nigeria introduction to econometrics I eco 355

4.0
 
CONCLUSION 
Computer and Econometrics have a long history in econometrics analysis. The use of 
software to calculate data in economics analysis is very important in econometrics 
analysis and it has shown and gives the way forward in forecasting and policy 
recommendations to the stakeholders, private companies and government. 
5.0 
SUMMARY 
The unit discussed extensively on the role of computer in econometrics. When equations 
in economics are turn to mathematical equations and becomes a model in economics, the 
computer software or what are ‗economists‘ called econometrics packages to solve/run 
the analysis for forecast and policy recommendation. 
 
6.0 
TUTOR MARKED ASSIGNMENT
Discuss the role of computer in econometrics analysis 
 
7.0 
REFERENCES/FURTHER READINGS 
Begg, Iain and Henry, S. G. B. Applied Economics and Public Policy. Cambridge
University Press, United Kingdom: 1998.
Cassidy, John.
The Decline of Economics. 
Dimitrios, A & Stephen, G., (2011). Applied Econometrics, second edition 2011, first
edition 2006 and revised edition 2007. 
Friedland, Roger and Robertson, A. F., eds. Beyond the Marketplace: Rethinking
Economy and Society. Walter de Gruyter, Inc. New York: 1990
 
Gordon, Robert Aaron.
Rigor and Relevance in a Changing Institutional Setting.
 
Kuhn, Thomas.
The Structure of Scientific Revolutions
. 
 
 

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30 
UNIT 4: BASIC ECONOMETRICS MODELS: LINEAR REGRESSION 
CONTENTS 
1.0.
Introduction 
2.0.
Objectives 
3.0.
Main content 
3.1. Econometrics Theory 
3.2. Econometrics Methods 
3.3. Examples of a Relationship in Econometrics 
3.4. Limitations and Criticism 
4.0 
Conclusion 
5.0 
Summary 
6.0
Tutor-Marked Assignment 
7.0 
References/Further Readings