In a discrete model, the predicted probabilities of a particular eventcan be matched to the observed (0, I) outcomes and this will give riseto a measure of fit for that event. Previous results for the binomialmodel are applied to multinomial models. In these models the measureof fit will vary...

Assuming only basic familiarity with matrix algebra and calculus the book is an ideal introduction for students of econometrics. Focusing on a limited number of the most widely used methods, the book reviews the basics of econometrics and ends with seven case studies drawn from recent empirical...

Econometrics can at first appear a highly technical subject, but it can also equip the practitioner with a useful skillset of smart ways to formulate research questions and collect data. Enjoyable Econometrics applies econometric methods to a variety of unusual and engaging research questions,...