Econometrics Unveiled Deeply

· Azhar ul Haque Sario
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Dive into the heart of causal inference with Econometrics Unveiled Deeply! This book is your guide to mastering advanced econometrics. It explores the quest for causality in economic analysis. You’ll learn the difference between correlation and causation. The book introduces potential outcomes and individual causal effects. It tackles endogeneity and its challenges like omitted variable bias and simultaneity. Randomized Controlled Trials (RCTs) are presented as the gold standard. Quasi-experimental methods like Difference-in-Differences (DiD), Instrumental Variables (IV), and Regression Discontinuity (RD) are explained. Matching methods and propensity score techniques help craft counterfactuals. Regression adjustments and Double Machine Learning enhance precision. Panel data models leverage repeated observations. Dynamic panel models address persistence. Binary and censored outcomes are modeled with Logit, Probit, and Tobit. The Heckman model corrects selection bias. Advanced topics include Maximum Likelihood Estimation (MLE), Generalized Method of Moments (GMM), and Machine Learning for causal inference. Bayesian approaches and spatial econometrics add depth. Simulation and bootstrapping ensure robust inference. Practical applications ground every concept. From job training programs to policy evaluations, real-world examples shine. Foundational works by Rubin, Neyman, Pearl, and Angrist are referenced. The book is structured in four parts. Part I lays the foundations of causal inference. Part II addresses selection on observables. Part III exploits exogenous variation. Part IV dives into advanced estimation and modern topics.

 

What sets Econometrics Unveiled Deeply apart? It’s the clarity and depth other books often miss. Many texts overwhelm with jargon or skip practical applications. This book balances theory and practice seamlessly. It explains complex concepts like the Rubin Causal Model or Local Average Treatment Effects (LATE) in simple English. It offers step-by-step guidance on implementation, like using rdrobust for RD or did packages for DiD. No other book integrates modern methods like Causal Forests or robust DiD estimators for staggered adoption so accessibly. It emphasizes diagnostics—Love plots, McCrary tests, Hansen J-statistics—to ensure validity. Sensitivity analyses like Rosenbaum bounds address unobservables. The book’s competitive edge is its focus on real-world relevance. You’ll find unique applications, like evaluating place-based policies with spatial spillovers. It’s a one-stop resource for students, researchers, and practitioners. Whether you’re navigating weak instruments or modeling binary outcomes, this book empowers you to think critically and apply econometrics confidently.

 

Copyright Disclaimer: This book is independently produced and has no affiliation with any board or organization. The author uses referenced works and concepts under nominative fair use for educational purposes.

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Azhar ul Haque Sario is a bestselling author and data scientist with a remarkable record of achievement. This Cambridge alumnus brings a wealth of knowledge to his work, holding an MBA, ACCA (Knowledge Level - FTMS College Malaysia and London College of Accountancy, London), BBA, and several Google certifications, including specializations in Google Data Analytics, Google Digital Marketing & E-commerce, and Google Project Management.

 

With ten years of business experience, Azhar combines practical expertise with his impressive academic background to craft insightful books. His prolific writing has resulted in an astounding 2810 published titles, earning him the record for the maximum Kindle editions and paperback books published by an individual author in one year, awarded by Asia Books of Records in 2024. 

 

ORCID: https://orcid.org/0009-0004-8629-830X

[email protected]

https://www.linkedin.com/in/azharulhaquesario/

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