"Over the last ten years, Americans have gained weight; that is a bad thing. Over the last ten years – the interval between the 1st (CH, Feb '03, 40-3473) and 2nd editions – Yale economist Fair's Predicting has also put on weight, 50 pages to be exact, and that is a good thing. The first edition was quite good; the second was even better. . . Highly recommended." — A. R. Sanderson, Choice
"This text is perfectly suited for advanced undergraduates and acts as an ideal complement to the average textbook. Too often, students don't see the forest through the trees. Traditional texts talk of OLS estimators, CRMO assumptions, hypothesis tests, etc. without giving readers much context. Fair's book gives them a reason to care about econometrics."—Robert A. Lawson, Auburn University
"Economics is everywhere. Follow Ray Fair in this delightful romp through decision making by the fed, choices we make in bed, which politicians we'll shed, how to buy a good red, and the inevitable slowdown that aging marathoners dread. The data deluge that began with the microcomputer is creating a golden age of social science. And Ray Fair was among the first to discover just how tease out the fascinating stories these data are telling."—Justin Wolfers, The Wharton School, University of Pennsylvania
About the Author
Ray C. Fair is Professor of Economics at Yale University. He areas of expertise include econometrics and the relationship between economics and politics. Well known for his predictions of presidential elections, Fair is the author of Estimating How the Macroeconomy Works (2004) and the widely used textbook, Principles of Economics, Tenth Edition 2011.