Subject Index 997

Parameters, 4 linearity in, 42 stability, 273-279 Park test, 403-404, 422-423, 424 Parsimony principle, 46-47 Partial adjustment model, 673-675 combined with adaptive expectations model, 675-676 Partial autocorrelation function,

841-845 Partial correlation, 360 Partial correlation coefficients explanation, 230-231 interpretation, 231-232 Partial regression coefficients, 203 estimation of, 207-211 hypothesis testing about, 250-253 maximum likelihood estimators, 211 meaning of, 205-207 Partial slope coefficients, 205 Per capita gross national product, 213-215, 249-250 coefficients of, 244-245 Per capita personal consumption, 669 Percentage change, 176n Percent growth rate, 176n Perfect collinearity, 302, 343 Perfect multicollinearity; see

Multicollinearity Peripheral variables, 46 Permanent consumption, 46 Permanent income, 46 Permanent income hypothesis, 11,

166, 507 Personal consumption expenditures, 793-796 Personal disposable income, 793-796

PGNP; see Per capita gross national product Phillips curve, 20, 184-188 Phillips model of wages and prices, 721 Phillips-Perron unit root test, 818 Piece-wise linear regression, 317-319

Pindyck-Rubinfeld model of public spending, 755-756 Plim; see Probability limit Point estimation, 896 Point estimators, 63

with grouped data, 610-612 Poisson distribution, 895 Poisson probability distribution, 620

Poisson regression model, 561, 620-622 Polychotomous response variables, 581 Polynomial distributed lag models,

687-696 Polynomial regression, 226-229

reducing collinearity in, 369 Polytomous dependent variable, 322 Pooled data, 25, 28, 364-365, 636 Pooled regression, 275, 641 Population, 38 Population correlogram, 808 Population mean, 37n Population regression curve, 40 Population regression function, 41 estimating, 58-59 role in regression analysis, 49 stochastic specification of, 43-45

Population regression line, 40 Portfolio theory capital asset pricing model,

165-166 capital market line, 407 characteristic line, 166, 781 example, 168-169 market model, 166 Positive correlation, 70 Power curve, 909 Power function graph, 909 Power of a test, 137, 409n, 475n,

819-820, 908 Practical significance versus statistical significance, 138-139

Prais-Winsten transformation, 478,

482-483, 487 Precedence, 696 Precision, 76-79 Predetermined variables, 717n,

736-737 Prediction, 8-9; see also Forecasting Chow's prediction failure test, 543 and multicollinearity, 369-370 with multiple regression, 279 Prediction variable, 8-9 Predictive causality, 696 Pretest bias, 222n Pretesting, 516

PRF; see Population regression function Price elasticity, 20 Prices and money, 650

Principal components technique, 369 Probabilities, computing, 602-604 Probability, 870-871 Probability density function, 117,

118,872-877 Probability distribution, 121, 878-895 of an estimator, 897 f disturbances, 108 related to normal distribution, 159-161 Probability limit, 726-727 Probability statistics, 119 Probit model, 561, 608-615 and logit model, 614-615 maximum likelihood estimation,

633-635 multinomial, 623-624 ordinal, 623

for ungrouped data, 612-613 Producer price index, 312 Production function, 11

transcendental, 288 Productivity data, 97 Product operators, 869-870 Profit-cost margin function,

778-779 Progressive expectation, 670 Proportional change, 176n Proxy variable, 46, 527 Pseudo R2, 605-606 Psychological reasons for lags, 662 P test, 536

Pth autoregressive, 838 Purchasing power parity, 156-157 Pure autocorrelation, 475

correcting with generalized least squares, 477-484 versus model mis-specification, 475-476 Purely random process, 798 Pure random walk, 803 p value, 128, 137-138, 141

Was this article helpful?

0 0
Rules Of The Rich And Wealthy

Rules Of The Rich And Wealthy

Learning About The Rules Of The Rich And Wealthy Can Have Amazing Benefits For Your Life And Success. Discover the hidden rules and beat the rich at their own game. The general population has a love / hate kinship with riches. They resent those who have it, but spend their total lives attempting to get it for themselves. The reason an immense majority of individuals never accumulate a substantial savings is because they don't comprehend the nature of money or how it works.

Get My Free Ebook


Post a comment