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Regression Models Depend on the type of Dependent Variables

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 Which regression model should you use that depends on the character of the dependent variable. In economics, the choice of regression model is driven by the specific nature of the economic decision or outcome being measured. Here are the same models:  1. Linear Regression Economic DV:  Continuous, unbounded, often in logs (e.g., log wages, log prices). Example (Labor): Predicting an individual’s  log hourly wage  (USD) based on years of education, experience, and gender. Why linear?  Wages are continuous and roughly normal after log transformation. Linear regression gives the familiar Mincer equation. 2. Tobit Regression Economic DV:  Continuous but  corner solution  (many observations at a boundary, usually zero). Example (Consumer demand): Household  expenditure on alcohol  per month. Many households spend zero (abstainers), but among spenders, the amount is continuous. Why not linear?  Linear would predict negative spending...
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Conditional Sentences in English Language || English Grammar

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  1st conditional: (used for real or possible situations in the future) Structure:   If + present simple, will + base verb Example 1: If I study , I will pass the exam. Example 2: If I find her address, I’ ll send her an invitation. Example 3: If it rains , I will stay at home. Example 4: If you study hard, you will pass the exam. Example 5: If I see her, I will say hello. Example 6: If they don’t hurry, they will miss the train. 2nd Conditional: (used for unreal/hypothetical present) Structure: If + past simple .... would + base verb Example 1:  If I were you, I would stay calm.          Example 2: If I won a million dollars, I would travel the world. Example 3: If I won the lottery, I would travel . Example 4:If I won the lottery, I would buy a house. Example 5:If I were you, I would take the job. Example 6:If they knew the truth, they would be shocked. 3rd Conditional: (used for Past cause – present result) Str...
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Quantitative Analysis in STATA - Part 6, Log File and Do File in Stata

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Tutorial on Quantitative Analysis in STATA - Part 6 from where you can learn how to create "Log File" and "Do File" for saving all the commands in Stata and executing all the commands at a time in Stata
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Quantitative Analysis in STATA Part 5 || How to get automatic output in table of Word file

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Tutorial on how to create automatic output table in word file from the Quantitative Panel Data Analysis using Stata
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Quantitative Analysis in STATA Part 4, Fixed Effect & Random Effect, Hausman specification Test

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Tutorial on Quantitative Analysis (Panel Data Analysis) in STATA Part 4, Fixed Effect Model, Random Effect Model, Hausman specification Test How to apply Fixed Effect Model, How to apply Random Effect Model, How to apply Hausman specification Test, Fixed Effect vs Random Effect, How to store the Fixed Effect, How to store the random effect, How to choose between Fixed Effect and Random Effect
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Quantitative Analysis Using STATA Part 3 (Multicollinearity, Heteroscedasticity, Autocorrelation)

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This tutorial covers the following issues:  How to test Multicollinearity, How to test Heteroscedasticity, How to control Heteroscedasticity issue, How to control Autocorrelation issue
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Quantitative Analysis in STATA Part 2 - Data Normality Test - Compute New Variable

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Tutorial on Quantitative Data Analysis in Stata Part 2 (Data Normality Test, Generate New Variable, Ensuring Normal Distribution)
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