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A Comment On Siegfried'S First Lesson In Econometrics

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  • DAMIEN S. ELDRIDGE

Abstract

In an insightful, and delightfully short, paper that was published in the Journal of Political Economy in 1970, Siegfried provided an im- portant lesson about econometric methodology for all budding young econometricians. Unfortunately, there is a mistake in that paper. This short comment provides a simple correction for that mistake. This correction will hopefully enable econometrics students to obtain the fundamental insights from Siegfried's paper with less confusion than might otherwise have been the case.
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Suggested Citation

  • Damien S. Eldridge, 2014. "A Comment On Siegfried'S First Lesson In Econometrics," Economic Inquiry, Western Economic Association International, vol. 52(1), pages 503-504, January.
    • Handle: RePEc:bla:ecinqu:v:52:y:2014:i:1:p:503-504
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    File URL: http://hdl.handle.net/10.1111/ecin.12041
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    JEL classification:

    • A20 - General Economics and Teaching - - Economic Education and Teaching of Economics - - - General
    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • C10 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - General

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