This book is designed to help students understand econometrics techniques through extensive example, careful explanations, and a wide variety of problem material. The major ideas are point and interval estimation, test statistic, the sampling distribution of test statistic, confidence interval, type I error, Type II error, properties of estimators, one-tail tests, null and alternative hypothese…
Basics econometrics is to provide an elementary but comprehensive introduction to econometrics without resorting to matrix algebra, calculus, or statistics beyond the elementary level. In this edition I have attempted to incorporate some of the developments in the theory and practice of econometrics that have taken place since the publication of third edition in 1995.