Have taken a couple introductory stats and econometrics courses, but want to get good enough to do light time series analysis. Problem is its been many years since my last calculus course so i'd like to build a math foundation first. Any tips on the quickest way to do so? Books and other insight appreciated. Thanks
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Stewart's calculus books are excellent. If you are able to do 80% of the problems in each chapter, you are golden.
If you want a good refresher for calculus and don't want to pay a dime use Khan academy. www.khanacademy.org
I took a time series analysis courses and I think the majority of contents are overlapped with econometric class. Prerequisite for my class are up to calculus 3 (tripple integral, Green & Stoke's theorem, etc.), linear regression analysis (mostly theory of linear regression model, different types of tests, multicolinearlity, etc.), linear algebra (very simple stuff like invertible). The math is not hard and if you already learned these things, it may take you a couple of days to review them all. I use schaum's when I need to review maths.
Thanks for all the feedback. Would the Schaum's Outline of Mathematical Methods for Business and Economics do the trick? Details below:
http://www.amazon.com/Schaums-Outline-Mathematical-Business-Economics/d…
Table of Contents:
Focus on statistics and linear algebra.
I have not used the book you mentioned above and it seems like it is short of some materials. These are schaums math books that I have used:
http://www.amazon.com/Schaums-Outline-Calculus-5th-Series/dp/0071508619… (this one has a newer version)
http://www.amazon.com/Schaums-Outline-Advanced-Calculus-Edition/dp/0071… (this one also has a newer version)
http://www.amazon.com/Schaums-Outline-Algebra-Seymour-Lipschutz/dp/0071… (again there is a newer version)
Remember, though, you should not use these books primarily to study the subject. They are good for review only
Calculus isn't that big a deal for econometrics. Matrix algebra is, so as people have said, pay particular attention to that.
Thanks for the feedback. Any suggestions on books to pick up the necessary topics?
Why don't you just get the software and learn how to use it. Stata and eviews and the most common with stata being the more use friendly of the two.
At the end of the day it's just math where you're doing regression testing...
Math+Econ > Econ; Econometrics? (Originally Posted: 04/26/2010)
Hi, will a joint program in Econ + Math be more marketable than just Econ (assuming that i will be studying at UCSD). Also, does hedge fund managers (and fund managers in general) like students with knowledge in econometrics? Thanks.
I had a double major in finance and econ and a minor in math. My opinion is that more math is always better, and any econ degree is useless without at least an introductory course in econometrics.
my 2nd major is econ (first is business w concentration in finance). econ is a breeze, except for the intro to economterics class, which is killing me this semester. in most schools, econ is a BA, while econ/math should be a BSc, not that it matters THAT much, but it does make you seem more accustomed to quantitative stuff
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