Publications by Dave Giles
Angus Deaton, Consumer Demand, & the Nobel Prize
I was delighted by yesterday’s announcement that Angus Deaton has been awarded the Nobel Prize in Economic Science this year. His contributions have have been many, fundamental, and varied, and I certainly won’t attempt to summarize them here. Suffice to say that the official citation says that the award is “for his contributions to consump...
7968 sym 16 img
Angus Deaton, Consumer Demand, & the Nobel Prize
I was delighted by yesterday’s announcement that Angus Deaton has been awarded the Nobel Prize in Economic Science this year. His contributions have have been many, fundamental, and varied, and I certainly won’t attempt to summarize them here. Suffice to say that the official citation says that the award is “for his contributions to consump...
7968 sym 16 img
Modelling With the Generalized Hermite Distribution
“Count” data occur frequently in economics. These are simply data where the observations are integer-valued – usually 0, 1, 2, ……. . However, the range of values may be truncated (e.g., 1, 2, 3, ….).To model data of this form we typically resort to distributions such as the Poisson, negative binomial, or variations of these. These var...
3797 sym 2 img
Modelling With the Generalized Hermite Distribution
“Count” data occur frequently in economics. These are simply data where the observations are integer-valued – usually 0, 1, 2, ……. . However, the range of values may be truncated (e.g., 1, 2, 3, ….).To model data of this form we typically resort to distributions such as the Poisson, negative binomial, or variations of these. These var...
3797 sym 2 img
"Using R for Introductory Econometrics"
Recently, I received an email from Florian Heiss, Professor and Chair of Statistics and Econometrics at the Henrich Heine University of Dusseldorf.He wrote:“I’d like to introduce you to a new book I just published that might be of interest to you: Using R for Introductory Econometrics.The goal: An introduction to R that makes it as easy as po...
2023 sym 4 img
"Using R for Introductory Econometrics"
Recently, I received an email from Florian Heiss, Professor and Chair of Statistics and Econometrics at the Henrich Heine University of Dusseldorf.He wrote:“I’d like to introduce you to a new book I just published that might be of interest to you: Using R for Introductory Econometrics.The goal: An introduction to R that makes it as easy as po...
2017 sym 4 img
Graduate Econometrics Exam
Occasionally readers ask about the exams that I set in my graduate econometrics courses.The elective graduate econometrics course that I taught this past semester was one titled “Themes in Econometrics”. The topics that are covered vary from year to year. However, as the title suggests, the course focuses on broad themes that arise in econome...
1330 sym
Graduate Econometrics Exam
Occasionally readers ask about the exams that I set in my graduate econometrics courses.The elective graduate econometrics course that I taught this past semester was one titled “Themes in Econometrics”. The topics that are covered vary from year to year. However, as the title suggests, the course focuses on broad themes that arise in econome...
1330 sym
Spreadsheet Errors (discussed in The Economist)
Five years ago I wrote a post titled, “Beware of Econometricians Bearing Spreadsheets“. The take-away message from that post was simple: there’s considerable, well-documented, evidence that spreadsheets are very, very, dangerous when it comes to statistical calculations. That is, if you care about getting the right answers!Read that post, ...
1472 sym
More on Orthogonal Regression
Some time ago I wrote a post about orthogonal regression. This is where we fit a regression line so that we minimize the sum of the squares of the orthogonal (rather than vertical) distances from the data points to the regression line.Subsequently, I received the following email comment:“Thanks for this blog post. I enjoyed reading it. I’m w...
4441 sym