Otis de Waal
Regression Analysis: A Beginner’s Guide
Econometrics, the intersection of economics and statistics, employs sophisticated methods to analyse and quantify relationships within economic systems. One of its fundamental tools is regression analysis, a statistical technique that allows economists tot model and understand the connections between variables. In this article we will unravel some complexities of regression analysis focusing on basis principles […]
Does 1 in 3 Econometricians Become a Millionaire?
If you are a student in the discipline called Econometrics then you must have heard something along the lines of ‘Oh wow, that’s difficult’, followed by ‘I have heard that 1 in every 3 econometrics students will become a millionaire’. While I have since learned to parade the first part of this reaction with a […]
The Seven Bridges of Königsberg
Imagine you are taking a stroll around the 18th century Prussian city of Königsberg (currently Kaliningrad, Russia). The river Pregel runs through Königsberg and there are two large islands in this river. The islands are connected to each other and to the mainland by seven bridges. You intend your walk to pass along all seven […]