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Econometrics // Lecture 2: "Simple Linear Regression" (SLR)

KeynesAcademy , 2013
Level: beginner
Topic: Reflection of Economics
Format: Explainer Video
Duration: 00:14:46
Link: https://www.youtube.com/watch?annotation_id=annotation_353698&feature=iv&src_vid=vEP4RIOKuE4&v=CBa8frhRKMw

First some terminology is explained. Then the interpretations of the coefficients and constants of the function are discussed. Afterwards the zero conditional mean assumption regarding the residual is problematized. Lastly, a graphical representation of a regression line is given and the least sum of squared errors is introduced and the equation for the coefficient of the linear function as well as for the intercept is given.

Go to: Econometrics // Lecture 2: "Simple Linear Regression" (SLR)

Tags: coefficients | dependent variable | disturbance | methodology | omitted variables | population regression function (PRF) | regressor | residual | RSS (sum of squared residuals) | sample
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