Feel free to ask course-related questions and provide answers on this page. Before posting any question, make sure you have studied the textbook or have done some research. Make sure the question is clearly and concisely written. 

1. Why is statistics the language of science?

2. What are the major applications of econometrics in practice?

3. How to choose the "right" number of independent variables in a regression?

4. Can heteroskedasticity and autocorrelation in the disturbance term happen together?

5. What model is  "invented" to account for both heteroskedasticity and autocorrelation?

6. Why is OLS estimation not "B.L.U.E." in the presence of heteroskedasticity or/and autocorrelation?

7. What is the "right" way of performing econometric analysis?

8. Who is the mathematician on the 10 Deutsche Mark?