Understanding Method and Purpose of Econometric Model Building

This book provides an elementary but comprehensive introduction to econometrics without resorting to deep mathematical analysis. This book attempts to incorporate some of the developments in the theory and practice of ecnometrics. Further the book explains how econometricians use non-experimental or observational information to attract conclusions about the real world which permits us to apply economic idea to real world information. However, econometrics can evaluate the coverage program using distinctive econometric styles in differences strategies. Further, this book explains economic theories with the availability of sophisticated and user friendly statistical package, E-Views at the end.