Regression, Classification

Readings and class materials for Tuesday, October 3, 2023

This week, the material we will discuss is mainly theoretical (likely a review for many of you), so we will progress based on slide presentations.

Bivariate and multivariate OLS

The bivariate or multivariate ordinary least squares (OLS) is undoubtedly the most widely used estimation procedure in the field of social sciences. It is essential for every economics student to be able to interpret it.

Assumptions of the OLS

The estimation procedure can sometimes be problematic. It is always necessary to check its assumptions, as drawing incorrect conclusions can occur in case of their violation.

Logit

The logit method is a straightforward and widely used for classification purposes.