IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-10612-7_13.html
   My bibliography  Save this book chapter

The Specification of Error Terms

In: Nonlinear and Multisectoral Macrodynamics

Author

Listed:
  • Jan Tinbergen

Abstract

It is customary to introduce into a relationship we are going to test with the aid of regression analysis, added to the systematic terms, an error term. The systematic terms are those containing one or more independent variables; in a relation used to explain national income as a dependent variable we may use as an important independent variable exports. This will especially apply to small open countries. The error term is introduced as a catchall for less important independent variables and for measuring errors of both the dependent variable and the independent variables. The error term is usually assumed to be a random variable with an average value of zero and a normal distribution.

Suggested Citation

  • Jan Tinbergen, 1990. "The Specification of Error Terms," Palgrave Macmillan Books, in: Kumaraswamy Velupillai (ed.), Nonlinear and Multisectoral Macrodynamics, chapter 13, pages 201-206, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-10612-7_13
    DOI: 10.1007/978-1-349-10612-7_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-10612-7_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.