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Running Regressions Published online by Cambridge University Press: 05 June 2014
In this part we outline some basic econometric techniques, including running regressions by hand using Ordinary Least Squares (OLS) estimation techniques. We focus on simple regressions, i.e. regressions on models with just one explanatory variable.
We also introduce Microsoft's Excel as a user-friendly spreadsheet package for running simple regressions.
Running regressions on models with more than one explanatory variable –Multiple Regression Analysis (MRA), will be analysed from Part II onwards.
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