A Diagrammatic Exposition of Regression and Instrumental Variables for the Beginning Student

25 Pages Posted: 1 Jun 2008

See all articles by Gigi Foster

Gigi Foster

UNSW Australia Business School, School of Economics

Date Written: May 2008

Abstract

Some beginning students of statistics and econometrics have difficulty with traditional algebraic approaches to explaining regression and related techniques. For these students, a simple and intuitive diagrammatic introduction may prove a useful framework to support further study. This paper presents a series of diagrams designed for use in an introductory econometrics course as an intuitive aid when first introducing fundamental concepts of the field. These diagrams are easily employed in the classroom as an enhancement to traditional teaching methods. Pedagogical suggestions and a few applied examples drawing on the diagrammatic framework are motivated and discussed.

JEL Classification: A22, C01

Suggested Citation

Foster, Gigi, A Diagrammatic Exposition of Regression and Instrumental Variables for the Beginning Student (May 2008). Available at SSRN: https://ssrn.com/abstract=1139469 or http://dx.doi.org/10.2139/ssrn.1139469

Gigi Foster (Contact Author)

UNSW Australia Business School, School of Economics ( email )

High Street
Sydney, NSW 2052
Australia

Register to save articles to
your library

Register

Paper statistics

Downloads
453
Abstract Views
1,446
rank
63,179
PlumX Metrics