Regression Analysis

Learn how to prepare conceptually for regression analysis.

In sum, regression analysis involves the following:

  • Identify the population and sample models.
  • Estimate the coefficients in the sample regression model.
  • Make inferences from sample coefficient estimates to population parameters.
  • Check whether model assumptions are satisfied.

Frankel and Romer analysis

Now, we return to the Frankel and Romer analysis. Their innovation proposes a new way to deal with the problem that international trade’s impact on growth may be due to the possibility that trade itself is a function of other factors.

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