GLOBAL EDITION Introduction to Econometrics FOURTH EDITION ames H.Stock.Mark W.Watson
GLOBAL EDITION GLOBAL EDITION Introduction to Econometrics Watson Stock EDITION FOURTH EDITION GLOBAL FOURTH EDITION James H. Stock • Mark W. Watson Introduction to Econometrics This is a special edition of an established title widely used by colleges and universities throughout the world. Pearson published this exclusive edition for the benefit of students outside the United States and Canada. If you purchased this book within the United States or Canada, you should be aware that it has been imported without the approval of the Publisher or Author. Designed for a first course in undergraduate and introductory econometrics, this best-selling text reflects modern theory and practice. With riveting empirical applications as well as real-world examples and data integrated into the development of the theory, the authors ensure that students grasp the relevance of econometrics by providing an effective treatment of the substantive findings of the resulting empirical analysis. New to This Edition • Chapter 14 on “Big Data” and machine learning methods • Parallel treatment of prediction and causal inference using regression • Brand new General Interest Boxes, like “The Distribution of Adulthood Earnings in the United Kingdom by Childhood Socioeconomic Circumstances” and “Conditional Cash Transfers in Rural Mexico to Increase School Enrollment,” that focus on contemporary and global choice of topics • Coverage of realized volatility as well as autoregressive conditional heteroskedasticity • Concept Exercises in MyLab that focus on core concepts and economic interpretations Stock_04_1292264454_Final.indd 1 03/12/18 7:03 AM
Question Help MyLab Economics homework and practice questions are correlated to the textbook and many generate algorithmically to give students unlimited opportunity for mastery of concepts. If students get stuck,Learning Aids including Help Me Solve This and eText Pages walk them through the problem and identify helpful infor- mation in the text,giving them assistance when they need it most. "TMyLab Economics]provides ample practice and explanation of the concepts at hand." -Heather Burkett,University of Nebraska at Omaha 92% Dynamic Study Modules help students study 88% 90% chapter topics effectively on their own by continu- ously assessing their knowledge application and performance in real time.These are available as prebuilt Prepare assignments,and are accessible on smartohones tablets and comouters. eText Study Dynamic Plan Study Pearson eText enhances student learning-both Modules in and outside the classroom.Worked examples videos,and interactive tutorials bring learning to of students who found learning material.Accessible anytime,anywhere via MyLab tool helpful or the app. The MyLab Gradebook offers an easy way for students and instructors to view course performance.Item Analysis allows instructors to quickly see trends by analyz- 87% ing details like the number of students who answered correctly/incorrectly,time on task of students would tell and median time spend on a question by question basis.And because it's correlated their instructor to keep with the AACSB Standards,instructors can track students'progress toward outcomes using MyLab Economics that the organization has deemed important in preparing students to be leaders. For additional details visit:www.pearson.com/mylab/economics
For additional details visit: www.pearson.com/mylab/economics Question Help MyLab Economics homework and practice questions are correlated to the textbook, and many generate algorithmically to give students unlimited opportunity for mastery of concepts. If students get stuck, Learning Aids including Help Me Solve This and eText Pages walk them through the problem and identify helpful information in the text, giving them assistance when they need it most. “[MyLab Economics] provides ample practice and explanation of the concepts at hand.” — Heather Burkett, University of Nebraska at Omaha Dynamic Study Modules help students study chapter topics effectively on their own by continuously assessing their knowledge application and performance in real time. These are available as prebuilt Prepare assignments, and are accessible on smartphones, tablets, and computers. Pearson eText enhances student learning—both in and outside the classroom. Worked examples, videos, and interactive tutorials bring learning to life, while algorithmic practice and self-assessment opportunities test students’ understanding of the material. Accessible anytime, anywhere via MyLab or the app. % of students who found learning tool helpful 88% 90% 92% eText Study Plan Dynamic Study Modules The MyLab Gradebook offers an easy way for students and instructors to view course performance. Item Analysis allows instructors to quickly see trends by analyzing details like the number of students who answered correctly/incorrectly, time on task, and median time spend on a question by question basis. And because it’s correlated with the AACSB Standards, instructors can track students’ progress toward outcomes that the organization has deemed important in preparing students to be leaders. of students would tell their instructor to keep using MyLab Economics 87% A01_STOC4455_04_GE_FM.indd 1 06/12/18 10:51 AM
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Introduction to Econometrics FOURTH EDITION GLOBAL EDITI ON James H.Stock Harvard University Mark W.Watson Princeton University Pearson
Introduction to Econometrics James H. Stock Harvard University Mark W. Watson Princeton University FOURTH EDITION GLOBAL EDITION Harlow, England • London • New York • Boston • San Francisco • Toronto • Sydney • Dubai • Singapore • Hong Kong Tokyo • Seoul • Taipei • New Delhi • Cape Town • Sao Paulo • Mexico City • Madrid • Amsterdam • Munich • Paris • Milan A01_STOC4455_04_GE_FM.indd 3 06/12/18 5:47 PM
ceseseaCmnetbaEamoeyHenn Project Editor,Global Edition:Paromita Banerjee Managing Pro ucer,Digital Studio and GLP:James Bateman Mark tingastantMarnaneSlestr Adam Goldstein DigtelStudioproducerAnanColes Executive Field Marketing Manager Carlie Marve Digital Content pro ct lead:Noel lot dia F Managing Producer.Bus Rakshit Acknowledgments of third-partyoapperon theappropriate page within the text Pearson Education Limited KAO TWo AO Park CM179NA United Kingdom and Associated Companies throughout the world Visit us on the World Wide Web at:www.pearsonglobaleditions.com Pearson Education Limited 2020 s,4th Edition,SBN978-0-13- All rights res luced stored in ar nitted in any for by any means,ele nic,mec cal,photocop ng,recor ing or othe .withou er the prior written permission o Saffron House,6-10 Kirby Street,London ECIN TS. d by the Copynght Licensing Agency Lto All trademarks used herein are the rk in this ta he author or publisher any trade www.pearsoned.com/permissions/ This eBook is a standalone product and may or may not indude Iassets that were part of the print version.Itaso does not lisher reserves the right to remove any 45-5 k15BN13:978-1-292-26452- Typeset in Times NR MT Pro by Cenveo Publisher Services
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