Customer Reviews

Statistics and Econometrics, Value Edition: Methods and Applications

5 star:		(3)
4 star:		(0)
3 star:		(1)
2 star:		(1)
1 star:		(2)

 

 

The text, as others said, has great examples. It is clear and concise. And considering the subject matter, it's not quite as dry as you might expect (not a page-turner by any means, but it's readable). There area a few areas where it fails, however. 1) There could be more examples, and more variation. 2) There are too many typos, some of which are important. 3) There are no answers to the homework/practice problems.

As a student, the last one was incredibly annoying. The book contains no answers section, so it makes it hard to find material to practice before exams and quizzes. It would only take a few (10ish?) extra pages to include answers. For a book that is primarily going to be used as a class textbook, that's unacceptable.

Good in what it does, but it needs more.

I just finished my sophomore year in college pursuing an undergraduate degree in economics. I consider myself a responsible student, one who takes initiative in his schoolwork, even when the books sometimes don't give you a straight forward answer to an example or straight forward logic in the text.

This book gave a minimal number of examples, and they weren't at all applicable to the coursework or the coinciding material in the book. They really didn't even relate to the text at all, and didn't help give any insight into the material. If you're a college professor looking for a college Econometrics textbook to use, don't use this one, for your students sake.

The author ought to be ashamed of himself. I am a student of econometrics and have studied from various books. This book is a total rip -off. Its not even worth 1 $ 55 cents. I am aghast that the author has the temerity to charge $155 for this ridiculously thin on content book. I strongly recommend books by Schaums series which are full of substance and are extremely affordable.

As a student who never has taken econometrics class, I suffered the weakness of this book (which was used as the textbook) more than I benefited from the strengths.

The strength of this book lies in the good examples they use. The book is not dense and mostly the explanation is very
concise. The examples they have is very interesting and might attract students' attention quite well.

However, I found this book's explanation is not very biginner
friendly. The explanation is often unnecessary compliated with too much math, so it might not be good for introductory econometrics class (it could make a good supplemental reading).

Gujarati's, Kennedy, etc has similar coverage but the explanation is much more plain and reader friendly.

The crucial problem which makes this book less than desirable is, amount of typos - I'd say one typo in a few pages on average. Although they have listed erratas on the publisher's web-site, unfortunately they cover relatively low fraction of all the typos this book has (could be inevitable problem with the first edition book). End-of-chapter questions and slides suffer the similar problem, so when my professor did not catch the problem in the end-of-chapter question, I just wasted too much time trying to figure out the answers, which was the worst part of using this book.

I actually very much liked this textbook. The examples are both interesting and enlightening, and the explanations clear and easy to follow. As the title suggests, it is tailored to a course with a heavy math component, and the appendix, in particular, provides a good guide to equations, derivations, etc. I have also found it to be extremely useful in later econometrics applications, as its logical organization makes it very easy to find exactly the information you need.

The book, written by one of the most influential labor economists of our time that has made major contributions to research in the field of econometrics, provides an important support to the real economic analysis and to solving the problems that applied economists face every days.

The book is in very good condition with only a few pencil mark on several pages, and the shipping is pretty fast.