14.32  Econometrics

Hi Everyone,

For those of  you who haven't handed in your review pset, please do so by the end of the day today.  When you hand them in, you can pick up solutions from the box outside of my office.  Those who handed the psets in this morning can pick them up from the box as well.

I posted my recitation notes on Stellar, under the syllabus and readings section.

I will be holding office hours from 4-6 on Monday, and will generally be available by email through Tuesday.  Good luck studying.

Jim

Hi everyone,

I will hold an optional review session at the *regular recitation time* (9am) on Friday.  This will consist of a short review and Q&A, so please bring your Q's.  I will let you know the room number in Thursday's class.

Also, the Review Pset consists of the 2001 Final and it is posted in the Homework section of Stellar.  If you turn in your solutions by the end of the day on Friday you can get 1 bonus point.

Jim

Jim

I have been getting a few questions about iterating the autoregressive correction process in Problem C12.10.  The SAS gymnastics are a little involved, so I wrote up some sample code which should help. 

http://web.mit.edu/jimberry/Public/sas_tutorial/c12-10%20code.txt

This will allow you to take a regression coefficient and put it in your dataset as a variable so that you can use to transform your data.  All observations of the new variable contain the same value, the coefficient estimate.

Iterated Prais-Winston can also be done directly with SAS using the PROC AUTOREG command:

proc autoreg data=three;
  model inf=unem / iter nlag=1;

-Jim

You can now hand in your pset on Friday in recitation if you like.  Remember that recitation ends promptly at 9:55, since I have another class at 10.

Jim