Econometrics: Changing units of measurement

This Econometrics course covers the concept of Scaling - Changing Units of Measurement.


What is this concept of Scaling?

Think of it in this manner:

Let's say you are working with 2 variables - Weight and Height, where, Weight is measured in Kilograms and Height is measured in inches. When you run a regression of Weight on Height, you get the estimated intercept to be -79.24 and the estimated slope to be 4.16.

Now, if you decide to change the unit of Weight from kilograms to pounds or the unit of Height from inches to centimeter, then how will the estimated intercept and slope change?

And that's exactly what you are going to learn in this course!

Structure of the course:

• Quick overview of properties of Expected values, Covariance and Variance. These are the key to understand the maths discussed in this course
  

• Quick look at the formulas
  

• All the math to understand the effect of scaling on estimated intercept, slope, R2, residuals and Standard Error of Regression (SER)
  

• Practice questions to test your understanding

This course comes with:

• A 30 day money-back guarantee
  

• Support in the Q&A section - ask me if you get stuck!

I really hope you enjoy this course!

- Shubham