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Econometrics Articles
This page features blog posts about econometrics. Can’t find what you’re looking for? Let your favorite tutor know that the WyzAnt community could benefit from a blog post about econometrics!
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Using current events to explain statistical ideas

By John M. | 6/6/2012 7:08 PM CST |

It is often examples that make ideas understandable to students and current events can be a good source of examples. Case in point. Today in Wisconsin, the issue of the day is the outcome of the recall elections and problems with the exit polling. As a tutor, the outcome isn’t interesting, but exit polling like all surveys is key to the usefulness of statistics! In fact, it gives a great opportunity to illustrate some of the basic (and non-mathematical) ideas and concepts of statistics — usually the ideas presented at the beginning of most introduction-to-statistics courses.

Statistical inferences...

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Training your intuition

By John M. | 12/7/2010 6:45 PM CST |

For most people, solving a problem or a question is not difficult if they have a model to follow and the correct data to plug into the model. Take one of the most basic functions, paying for something at a cash register. If the cashier tells you the Happy Meal costs (with tax) $4.23, and you hand the cashier a $10.00 bill, I suspect that most cashiers will give and most people will expect their $5.77 in change. Oh, you can confuse people and make the problem more difficult (7 dimes, a nickel and two pennies, rather than 3 quarters and two pennies), but these are just "tricks." This works,...

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