Video 2 Confidence Intervals

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We learn the implications of sampling on our coefficient's uncertainty, and understand why it is convenient to talk in terms of confidence intervals rather than point estimates. Of course, we learn how to construct these intervals. • TABLE OF CONTENTS: • 00:00 Confidence Intervals • 00:14 Regression’s Objectives • 00:40 Previous Regression Result • 01:06 Pending Questions • 01:36 Interpreting the Coefficients • 02:09 Example of the Effect of Sampling using Excel • 07:16 Confidence Intervals • 08:11 Leveraging the Normal Distribution • 09:49 Building the Confidence Interval • 11:07 If there were no relationship… • 12:21 Statistically Significant Relationship • 13:35 Coming back to our example… • 14:06 p-values Rule • 14:59 p-values in GRETL • 15:55 Those stars…. • 16:58 Summary

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