Econometrics. Lecture 7. Further Topics in Multiple Regression

In this lecture we extend some concepts from the model with a single regressor the to the multiple regression model 00:00 Introduction 05:08 Measures of fit in multiple regression 15:12 Adjusted R squared 37:45 Practical issues of R squared and adjusted R squared 47:08 Control variables 50:27 Assumptions of multiple regression 53:53 Conditional mean independence 1:02:48 Multicollinearity 1:13:02 Conclusion The course “Econometrics“ for the 2nd year bachelors in Economics Taught at BRICS institute, Irkutsk National Research Technical University, Spring semester 2022