Bootstrapping student understanding of what is going on in econometrics


Authors: 
Kennedy, P. E.
Pages: 
online
Year: 
2001
Publisher: 
JOURNAL OF ECONOMIC EDUCATION
URL: 
http://www.indiana.edu/~econed/pdffiles/spring01/kennedy.pdf
Abstract: 

Econometrics is an intellectual game played by rules based on the sampling<br>distribution concept. Most students in econometrics classes are uncomfortable<br>because they do not know these rules and so do not understand what is going<br>on in econometrics. This article contains some explanations for this phenomenon<br>and suggestions for how this problem can be addressed. Instructors are encouraged<br>to use explain-how-to-bootstrap exercises to promote student understanding<br>of the rules of the game.

The CAUSE Research Group is supported in part by a member initiative grant from the American Statistical Association’s Section on Statistics and Data Science Education

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