A Guide to Econometrics has established itself as a preferred text for teachers and students throughout the world. It provides an overview of the subject and an intuitive feel for its concepts and techniques without the notation and technical detail that characterize most econometrics textbooks.
The fifth edition has two major additions, a chapter on panel data and an innovative chapter on applied econometrics. Existing chapters have been revised and updated extensively, particularly the specification chapter (to coordinate with the applied econometrics chapter), the qualitative dependent variables chapter (to better explain the difference between multinomial and conditional logit), the limited dependent variables chapter (to provide a better interpretation of Tobit estimation), and the time series chapter (to incorporate the vector autoregression discussion from the simultaneous equations chapter and to explain more fully estimation of vector error correction models). Several new exercises have been added, some of which form new sections on bootstrapping and on applied econometrics.
This edition is for sale in all of the Americas, the West Indies, and U.S. dependencies only.
The late Peter E. Kennedy was Professor Emeritus of Economics at Simon Fraser University.
Peter Kennedy's A Guide to Econometrics is a superb text. I first used it as a student, and now I find it indispensable as a professor. I would not dream of teaching an econometrics course without it.
Lisa A. Keister, Department of Sociology, The Ohio State University
A Guide to Econometrics is an excellent book that is, or at least should be, essential reading for all undergraduate and graduate students with an interest in the subject, as well as scholars engaged in applied econometric work.
Anders Olofsgård, Georgetown University
This revised version is a worthy successor to the fourth edition, which was already the most useful applied econometrics book on the market. It is an excellent complement to standard econometrics textbooks, which tend to be heavy on mathematics and technique, and light on practical advice.
T.H. Gindling, Department of Economics, University of Maryland Baltimore County
This has been an excellent book in the past and the revisions for the fifth edition include some new subjects and bring the material up to date. The text is clearly written and shows the author's excellent understanding of the material covered. And his clever insights and witty comments make the book fun to read.
Jan Kmenta, Professor Emeritus of Economics, University of Michigan
