Participants:
Ghulam Fatima Reg# 98-MS/E&F/F12
Sadia Zafar Reg # 96-FE/MS(ECO)2/F12
In this lecture the main idea that was discussed about how to conduct valid research, only fancy econometrics techniques and tough mathematics can’t give the guarantee of authentic results. With econometrics techniques researcher should also use common sense and simple reasoning and should relate with real world. Sometimes confounding problem misleads the results, so this problem should be handled carefully.