"When you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it, when you cannot express it in numbers, your knowledge is of a very meagre and unsatisfactory kind."
~ William Thomson, Lord Kelvin, 1824-1907
Supplementory to Textbook:
Damodar N. Gujarati, 3/e., 1995 McGraw-Hill
Part 1: Single-Equation Regression Models
Part 2: Relaxing the Assumptions of the Classical Model
Part 3: Topics in Econometrics
This is a simple step-by-step solution demonstration supplementary to the textbook Basic Econometrics by Damodar N. Gujarati. Students can follow the steps and solve the problem in each selected exercise question. Please feel free to give your comments and suggestions to improve this page. Thank you.
This site is designed and maintained by Dr. Bill W.S. Hung
Department of Economics
Hong Kong Baptist University
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Acknowledgement: This Webpage was partly funded by the Teaching Development Grant (TEC/9798/10), Hong Kong Baptist University. Also thanks to the helps from two students Mr. Wong Siu-Pong and Mr. Wong Chi-Wai.