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Thanks Jim, your help's been great. I do really like econometrics but i think that somtimes I get caught up in some areas and just end up going around in circles.

I will try to get my hands on the Brooks text book to give me a better understanding.

Thanks again! Much appreciated.

Rep.

Thanks for the reply Jim, you're a hero! What you're saying makes a lot of sense. Just so I'm clear on my logic, is what I'm saying here a correct interpretation: If I have a positive residual does it mean that I am not including a variable in my model that should be increasing sales over that perio...

Hi guys.

Can anyone help me out? I'm really struggling with this (I know it may seem basic to most), I'd be so appreciative for any help.

Even a link to a good website that could explain it to me would be great.

Cheers.

Hi everyone, first time poster so please be gentle. Basically I'm a student and I've just started an introduction to econometrics module however I'm finding it quite difficult to grasp some of the concepts. We are using Eviews so I was hoping I'd be able to find some answers here. One of my main iss...