Description
Book SynopsisUsing a rich array of examples, this book clearly and simply shows how a host of diverse events can be explained and predicted using statistics and tools from social science. The text moves from a discussion of formulating theories about real world phenomena to lessons on how to analyze data, test theories, and make predictions.
Trade Review"Over the last ten years, Americans have gained weight; that is a bad thing. Over the last ten years – the interval between the 1st (CH, Feb '03, 40-3473) and 2nd editions – Yale economist Fair's
Predicting has also put on weight, 50 pages to be exact, and that is a good thing. The first edition was quite good; the second was even better. . . Highly recommended." — A. R. Sanderson,
Choice"This text is perfectly suited for advanced undergraduates and acts as an ideal complement to the average textbook. Too often, students don't see the forest through the trees. Traditional texts talk of OLS estimators, CRMO assumptions, hypothesis tests, etc. without giving readers much context. Fair's book gives them a reason to care about econometrics."—Robert A. Lawson, Auburn University
"Economics is everywhere. Follow Ray Fair in this delightful romp through decision making by the fed, choices we make in bed, which politicians we'll shed, how to buy a good red, and the inevitable slowdown that aging marathoners dread. The data deluge that began with the microcomputer is creating a golden age of social science. And Ray Fair was among the first to discover just how tease out the fascinating stories these data are telling."—Justin Wolfers, The Wharton School, University of Pennsylvania
