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Intrinsic randomness - PowerPoint PPT Presentation


Class Outline

Class Outline

Class Outline The Meaning of Regression Data The Population Regression Function (PRF) Stochastic Specification of the PRF The Sample Regression Function (SRF) The Nature of the Stochastic Error Term Reading: Chapter 1 and2 Textbook The Meaning of Regression

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3.64k views • 17 slides



Polarization

Polarization

Polarization. Patrick A. Kossmann. Have you taught polarization before? a) This is the first time I have heard of it. b) Its optional in our curriculum. c) I teach it all the time. Select the letter in your booklet that best matches your experience and show me. Assumed Preparation :

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356 views • 15 slides


2.2 The nature of the error term

2.2 The nature of the error term

2.2 The nature of the error term The error term is the difference between a realization of the r.v. under study and its expectation (that is, its mean value, which is not known ) It includes: Intrinsic randomness Measurement errors Omitted variables

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257 views • 2 slides


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