Characteristics and Properties of a Simple Linear Regression Model

• Autorzy: Robert Kowal
• Języki publikacji: EN

Abstrakty

EN

A simple linear regression model is one of the pillars of classic econometrics. Despite the passage of time, it continues to raise interest both from the theoretical side as well as from the application side. One of the many fundamental questions in the model concerns determining derivative characteristics and studying the properties existing in their scope, referring to the first of these aspects. The literature of the subject provides several classic solutions in that regard. In the paper, a completely new design is proposed, based on the direct application of variance and its properties, resulting from the non-correlation of certain estimators with the mean, within the scope of which some fundamental dependencies of the model characteristics are obtained in a much more compact manner. The apparatus allows for a simple and uniform demonstration of multiple dependencies and fundamental properties in the model, and it does it in an intuitive manner. The results were obtained in a classic, traditional area, where everything, as it might seem, has already been thoroughly studied and discovered.(original abstract)

Słowa kluczowe

EN

Regression models; Linear regression; Estimators; Variability

PL

Modele regresji; Regresja liniowa; Estymatory; Zmienność

• Czasopismo: Folia Oeconomica Stetinensia
• Rocznik: 2016
• Numer: vol. 16, iss. 1
• Strony: 248--263

Twórcy

autor

Robert Kowal

• Kielce University of Technology

Bibliografia

• Johnston, J. (1987). Econometric Methods. New York: McGraw-Hill.
• Kmenta, J. (1986). Elements of Econometrics. New York: Macmillan.
• Maddala, G.S. (2006). Ekonometria. Warszawa: Wydawnictwo Naukowe PWN.
• Magnus, J.R., Katyszew, P.K., Pieriesieckij, A.A. (1997). Ekonometrika. Moskwa: Naczalnyj kurs, Delo.
• Spanos, A. (1986). Statistical Foundations of Econometric Modelling. Cambridge: Cambridge University Press.
• Weintraub, E.R. (1982). Mathematics for Economics. An Integrated Approach. Cambridge: Cambridge University Press.
• Welfe, A. (2009). Ekonometria. Metody i zastosowania. Warszawa: Polskie Wydawnictwo Ekonomiczne.
• Wooldridge, J.M. (2009). Introductory Econometrics. A Modern Approach. Fourth Edition. Canada: South-Western.

Identyfikatory

DOI

10.1515/foli-2016-0016