Godden's Econometrics Student Friendly World

Godden's Econometrics Student Friendly World Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from Godden's Econometrics Student Friendly World, Business service, Port Harcourt.

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01/06/2026

Let's talk....

What's your favorite part in a simple regression model in econometrics and how can you compare it to that of ordinary fi...
06/03/2026

What's your favorite part in a simple regression model in econometrics and how can you compare it to that of ordinary financial statistics?

What do you like most about econometrics?
05/03/2026

What do you like most about econometrics?

22/02/2026

Happy Sunday everyone

In econometrics, the equation of a straight line is most commonly encountered in the simple linear regression model, whi...
07/07/2025

In econometrics, the equation of a straight line is most commonly encountered in the simple linear regression model, which is used to explain the relationship between two variables: an independent variable (X) and a dependent variable (Y).

📘 General Form of a Straight Line:

Y = \alpha + \beta X + \varepsilon

Where:

= Dependent variable (what you're trying to explain or predict)

= Independent variable (the predictor or explanatory variable)

= Intercept (value of when )

= Slope coefficient (change in for a one-unit change in )

= Error term (captures other factors affecting not included in the model)

💡 Interpretation in Econometrics:

Intercept (): Represents the baseline level of the dependent variable when . For example, if you’re modeling income based on years of education, would be the income of someone with zero years of education.

Slope (): Tells you how much is expected to change when increases by 1 unit. If , then each additional unit of leads to a 2-unit increase in , on average.

Error term (): Accounts for the randomness or omitted variables. Not everything affecting is captured by , so the error term picks up the rest.

12/08/2024

Statistics and econometrics 101
Regression line briefly explained

07/08/2024

I'm back online
So sorry I've been away for a long time....
Videos will be dropping by 12pm tomorrow

28/06/2022

Thanks to you all for liking and following my page...
I intend to make more admins to help run the page....

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