This is logical extension of the first semester course on regression analysis. As such, it introduces the concept of simultaneous equation and their estimation. Essentially, this course examines the possible solutions to problems arising from the breakdown of the ordinary least squares assumptions. To this end, it covers topic like multi-co-linearity, heteroscedasticity, autocorrelation and measurement of specification error. It also examines the use of dummy variable and time-lags as independent variables.




Level of Study: 300 Level