Introduction to Econometrics

Introduction to Econometrics (The Complete MBA Course Work Series Book 1), Hicham and Mohamed Ibnalkadi, 2020

First in a series that attempts to provide an entire MBA course, as taught by top universities, This book is all about econometrics. It is "the unified assimilation of economic models, economic data and mathematical statistics."

An important part of creating these economic models is the quality of the data ("Garbage In, Garbage Out"). Is the data clean and legitimate? Is it reliable? Is it usable by the company creating the model? Is the data in the right standard of measurement? Make sure of the quality of the data before creating a model that ends up being worthless.

Now what do you do with this data? Do you know calculus? There is a lot of it in this book. The data goes into models with names like Linear Regression  Model and Classical Linear Regression Model. The reader will also be introduced to Ordinal Regression Models, multicollinearity and heteroscedasticity.

This book is recommended for anyone who enjoys calculus. It is also recommended for anyone who has started the journey toward getting their MBA. For the average reader, well, maybe not. This book gets four stars, maybe four-and-a-half stars.