2.Data

This section does Exploratory Data Analysis. An important lesson for all econometrics papers,which most fail to do, mainly because it is NOT TAUGHT in econometrics. DHSY analyze the basic properties of the data, by graphical methods, and some other simple statistical techniques. This allows us to see the basic patterns in the data which a model must explain. My course on Introduction to Statistics: An Islamic Approach devotes the first eight lectures to pure exploratory data analysis techniques, without any probablity theory or statistics.