Y1 - Quantitative Methods II

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Lectures

Week 5

Maastricht University · Economics and Business Economics

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Examining Residuals for Groups
Extrapolation and Prediction
when the data are years
Unusual and Extraordinary Observations
outliers, leverage, and influence
influential
Working with Summary Values
summary statistics
Autocorrelation
Durbin-Watson statistic (Important)
Transforming (Re-expressing) Data
linearity
transform / re-express
goals of re-expression
The Ladder of Powers

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