M

Macroeconomic data, 794 Macroeconomics accelerator model, 734 IS model, 721-722 LM model, 722-723 Maintained hypothesis, 126, 515 Mallow's Cp criterion, 531,

536, 538 Manipulation of data, 447 Marginal contribution of explanatory variables, 260-264

Marginal propensity to consume, 4,

8, 88, 90, 275, 720 Market-clearing mechanism,

742-743, 744-745 Market model, 166 Markov first-order autoregressive scheme, 450 Marquard method, 569n Mathematical economics, 2 Mathematics, 12-13 Matrix, 913 Matrix algebra definitions, 913-914 determinants, 920-923 differentiation, 925 inverse of a square matrix,

923-924 operations, 916-919 types of matrices, 915-916 Matrix approach, 926-958 Maximum likelihood estimation, 112-113 definition, 115

food expenditures example, 117 of multiple regression model, 246 in two-variable regression model, 114-117

Maximum likelihood estimators,

248-249, 898 Maximum likelihood method, 598,

633-635 McFadden R2, 605-606 Mean lag, 668

Mean prediction, 142-144, 279

variance of, 162-163 Mean reversion, 798 Mean square error, 512n Measurement errors, 524-528 units of, 164, 169-173 Median, 320 Median lag, 668

Method of dummy variables, 312 Method of instrumental variables,

678-679 Method of moments, 94, 899

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Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

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