1. To acquaint the students with the use of software EViews to detect the violation of assumptions of the regression model.
To describe the use of EViews for estimating models with dummy independent variables
Course Code |
Course Title |
Learning outcome (at course level) |
Learning and teaching strategies |
Assessment Strategies |
24CECO 613 |
Applied Econometrics Using EViews-II (Practical) |
Students will: CO97: test the presence of multicollinearity and heteroscedasticity with the help of different tests CO98: analyze the detection of serial correlation with the help of different tests and estimate different functions for detecting specification error CO99:test various hypotheses using regression in ANOVA and ANCOVA models. CO100:create a file related to different types of analysis using E Views. CO101: defend orally the findings of the analysis using E Views CO102: contribute effectively in course-specific interaction. |
Approach in teaching: Interactive Lectures, Discussion, Case studies.
Learning activities for the students: Presentations, Assignments and Group discussions. |
Class activity, Assignments and Semester end examinations. |
Detection of the problem of multicollinearity-coefficient of determination, t-ratio, pair-wise correlation and VIF
Detection of the problem of heteroscedasticity- Graphical method and B-P-G test
Detection of the problem of serial Correlation-Graphical method, D-W test and B.G. LM serial correlation test
Omitted variable and redundant variable tests, Ramsey RESET
Illustration of the uses of dummy variables
Bhaumik, S. K. ,Principles of Econometrics: A Modern Approach Using EVIEWS. Oxford University Press, 1st Edition, 2015
Suggested Readings:
Asteriou, D. and Hall, S. G. Applied Econometrics: A modern Approach Using EVIEWS and MICROFIT. Palgrave Macmillan, 1st Edition, 2007
E- Resources:
1. Econometrics Academy--------sites.google.com/site/econometricsacademy
2. MIT Open Courseware---------ocw.mit.edu
3. Econometrics: Methods and Applications-Coursera-------coursera.org
4. Crunch Econometrics----------cruncheconometrix.com
5. Explaining the Core Theories of Econometrics------udemy.com
Journals:
1. The Journal of Econometrics
Academic.oup.com/ectj
2. Journal of Applied Econometrics
Onlinelibrary.wiley.com/journal/18735924