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1.0 out of 5 stars
unorganized, Feb 21 2003
By A Customer
Though this book offers many questions, which is an advantage, it does not clear concise answers to the few questions which it does answer. Furthermore this text has a very poor structure to it, material is all over the place. The only other benefit is the user friendly gretl software.
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5.0 out of 5 stars
Outstanding introduction to econometrics, Sep 7 2002
By A Customer
I can not express enough the quality of this book for the desired target audience. As the title suggests, this is a book for those looking to gain insight into the basics of econometrics. If you've taken even a little calculus, and basic statistics, you should be ok. If not, you've no business trying to tackle econometrics, so I will not let that requirement taint my 5 star rating. If you have a desire to learn anything about econometrics, especially if you've seen some basic information about regression / OLS in a stats class before, this is the place to start. What is learned here is not only the underlying math but also the all important intuition behind the math and the stats and ultimately the econometrics itself. You don't just learn why a formula works, how it is written, and what the proof looks like. The author goes to length to ensure that you also gain a broad appreciation for the assumptions upon which the methods are based, and ultimately what happens when you violate those assumptions. This is a critical part of learning statistics and econometrics, one which is far too often neglected by students, instructors, and authors alike. A key part of any statistical exercise is the intuition behind it, and a working knowledge of how and why the methods chosen are valid. Ramanathan does an excellent job of making sure you understand these ideas every step of the way, throughtout the text. There are plentiful references to earlier sections with related concepts, constantly linking new ideas with those covered in previous sections and chapters. Appendices between chapters also delve into the related mathematics and provide additional proofs for those interested. I believe there is no better introduction to the subject of econometrics than this work. My instructor required this text in our beginning econometrics course. He never taught directly from the book nor did he assign work from it. We were merely told to purchase it as a requirement for the class so that we would have it as a reference whether we thought we needed it or not. I found myself reading this book constantly, despite never having been required to so much as open it for the class. The book is more than worth it, even at twice the price.
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9 of 9 people found the following review helpful
5.0 out of 5 stars
Outstanding introduction to econometrics, Sep 6 2002
By A Customer - Published on Amazon.com
This review is from: Introductory Econometrics with Applications (Hardcover)
I can not express enough the quality of this book for the desired target audience. As the title suggests, this is a book for those looking to gain insight into the basics of econometrics. If you've taken even a little calculus, and basic statistics, you should be ok. If not, you've no business trying to tackle econometrics, so I will not let that requirement taint my 5 star rating. If you have a desire to learn anything about econometrics, especially if you've seen some basic information about regression / OLS in a stats class before, this is the place to start. What is learned here is not only the underlying math but also the all important intuition behind the math and the stats and ultimately the econometrics itself. You don't just learn why a formula works, how it is written, and what the proof looks like. The author goes to length to ensure that you also gain a broad appreciation for the assumptions upon which the methods are based, and ultimately what happens when you violate those assumptions. This is a critical part of learning statistics and econometrics, one which is far too often neglected by students, instructors, and authors alike. A key part of any statistical exercise is the intuition behind it, and a working knowledge of how and why the methods chosen are valid. Ramanathan does an excellent job of making sure you understand these ideas every step of the way, throughtout the text. There are plentiful references to earlier sections with related concepts, constantly linking new ideas with those covered in previous sections and chapters. Appendices between chapters also delve into the related mathematics and provide additional proofs for those interested. I believe there is no better introduction to the subject of econometrics than this work. My instructor required this text in our beginning econometrics course. He never taught directly from the book nor did he assign work from it. We were merely told to purchase it as a requirement for the class so that we would have it as a reference whether we thought we needed it or not. I found myself reading this book constantly, despite never having been required to so much as open it for the class. The book is more than worth it, even at twice the price.
5 of 6 people found the following review helpful
5.0 out of 5 stars
Fantastic, Sep 27 1999
By A Customer - Published on Amazon.com
Great book. Professor Ramanathan has created a book with real life examples that make sense and elucidate the topic at hand. A definite must-have and must-keep for any economist.
1 of 1 people found the following review helpful
1.0 out of 5 stars
One of the worst textbooks ever, Oct 12 2008
By B. Yager - Published on Amazon.com
This review is from: Introductory Econometrics with Applications (Hardcover)
This book is absoulutely awful, it caused me to fail my first exam in my college carreer, Ramanathan is incable of clarifying anything, the book is really vague. There is no glossary in the book of the book nor does Ramanathan show any demonstration once so ever how to do any of the math. The author just provides theorems with bad explanations that are so unclear. I would say only purchase this book if you have to and need it for homework questions, you won't learn econometrics from this. If you want a book that will explain the material and why you do it, get Peter Kennedy's "A Guide to Econometrics," and if you want something to help with the math get the Schaum book on Statistics and Econometrics. You'll lean so much more from these to books and appreciate the subject more so than hating it, if you just read Ramanathan's "Introductory Econometrics with Applications." The only people who love this book either know the subject material really well before reading this one or are just brain dead. This book is a terriable introductory to anybody new to this subject.
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