ECON 36000 Midterm: ECON 360 Outlines Second Exam
4 Apr 2016
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Econ 360 class preparation outline: ninth class. Inference the easy (read opaque or uninformative ) way. Conclusion: distinguish between statistical and practical significance, and present estimates with the appropriate level of precision. Don"t just give the audience point estimates; they"ll interpret them overly literally and blame you if they do something wrong. Econ 360 class preparation outline: eleventh class. Scale doesn"t matter if you take logs (crime example) Conclusion: in regression analysis, is always the marginal effect of on y; 11. 3. you have to know the units, though, to say whether it"s practically large/small: thirteenth class. How to do quadratics and interactions in stata. Conclusion: this is another thing to play with in the sandbox . You can see if the estimates fulfill their expected shapes, test your inference about the marginal effects using margins. Econ 360 class preparation outline: twelfth class. Marginal effect depends on the value of this x. Marginal effect depends on the value of another x.
