Individual Report on Econometric Models The WritePass Journal

Individual Report on Econometric Models Context Individual Report on Econometric Models ) also pointed out. Moreover, the model clearly pursued an estimate for multiple equations in the study, whereby the number of these equations were tantamount to the number of categories minus 1. The study also showed that each equation modelled the odds of being in a category, which is consistent with the ordered logit model (Sadler, 2008; Allegrezza and Dubrocard, 2012). It is important to note that the use of the aforementioned models for the two studies was consistent with their intention to quantify or measure variables in order to come up with objective and systematic results for the relationship between income and happiness. Both studies opted to use data from established data sets (ESS and GSS) to apparently facilitate generalisation of findings, with which they were successful. It may be pointed out that Oshio and colleagues’ (2011) results were congruent with   Caporale and colleagues’ (2009), reflecting the validity of the latter’s findings.   References Aldrich, J. H.m Alt, J. E., and Lupia, A. (2007) Positive Changes in Political Science: The Legacy of Richard D. McKelvey’s Most Influential Writings. Michigan: University of Michigan. Allegrezza and Dubrocard (2012) Internet Econometrics. Hampshire: Palgrave MacMillan. Caporale, G. M., Georgellis, Y., Tsitsianis, N., Yin, Y. P. (2009) Income and happiness across Europe: Do reference values matter? Journal of Economic Psychology, 30(1), 42-51. Gailmard, S. (2014) Statistical Modeling and Inference for Social Science. NY: Cambridge University Press. Gill (2008) Bayesian Methods: A Social and Behavioral Sciences Approach, Second Edition. NW: Chapman Hall/CRC.   Jones, A. (2007) Applied Econometrics for Health Economists: A Practical Guide. Second Edition. Oxon: Radcliffe Publishing Ltd.     Oshio, T., Nozak, K., and Kobayashi, M. (2011) Relative income and happiness in Asia: Evidence from nationwide surveys in China, Japan, and Korea. Social Indicators Research, 104 (3), 351-367.   Sadler, A. M. (2008) Determinants of Entrepreneurial Behavior among Immigrant and Non-Immigrant University Scientists in the US: The Impact of Cultural Predispositions and Learning. MI: ProQuest LLC.