ECON 400 Econometrics • 5 Cr.
This course introduces Econometric methods used in economics, business, finance, marketing, management and other disciplines, with emphasis on practical use and application. Students will construct models using real-world empirical data, conduct hypothesis testing, forecast outcomes, and learn to estimate and interpret the parameters of models. Prerequisites: MATH 342 with a C or better, and acceptance into BAS Data Analysis and Management program Data Analytics concentration, or permission of the instructor.
After completing this class, students should be able to:
• Apply appropriate econometric tools to model, estimate, and forecast economic problems • Apply appropriate models using indicator variables onto various real-world situations • Identify and interpret error problems in the model and apply appropriate treatments • Use and apply regression analysis with time-series data and panel data • Use econometrics software to process data and incorporate modeling techniques • Perform model assessment and suggest improvements • Critically evaluate the conclusions of others' econometrics research studies.