units
ETW2410
Faculty of Business and Economics
This unit entry is for students who completed this unit in 2015 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.
6 points, SCA Band 3, 0.125 EFTSL
Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.
| Level | Undergraduate |
| Faculty | Faculty of Business and Economics |
| Organisational Unit | Department of Econometrics and Business Statistics |
| Offered | Malaysia First semester 2015 (Day) Malaysia Second semester 2015 (Day) South Africa Second semester 2015 (Day) |
| Coordinator(s) | Dr Santha Vaithilingam (Malaysia) |
Synopsis
This unit introduces students to the empirical analysis of relationships between economic variables. The approach is based on linear regression theory, and emphasises 'hands on' data analysis. Topics studied will include properties of least squares estimators, hypothesis testing, the choice of appropriate functional form, the use of dummy variables, issues around modelling survey data and the problems of serial correlation, heteroscedasticity and multicollinearity.
Outcomes
The learning goals associated with this unit are to:
- understand and derive the properties of ordinary least squares in summation and matrix notation
- interpret, evaluate and apply inferential methods to multiple linear regression
- understand the use and implications of data scaling, functional form and dummy variables in regression modelling
- identify the presence of heteroscedasticity, adjust OLS standard errors and perform feasible GLS in regression models
- understand issues related to modelling with time-series data.
Assessment
Within semester assessment: 40%
Examination: 60%
Workload requirements
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
See also Unit timetable information
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