Error correction model - part 1

In this video I introduce the concept of an Error Correction Model, and explain its importance in econometrics.

Check out www.oxbridge-tutor.co.uk/undergraduate-econometric… for course materials, and information regarding updates on each of the courses. Check out ben-lambert.com/econometrics-course-problem-sets-a… for course materials, and information regarding updates on each of the courses. Quite excitingly (for me at least), I am about to publish a whole series of new videos on Bayesian statistics on youtube. See here for information: ben-lambert.com/bayesian/ Accompanying this series, there will be a book: www.amazon.co.uk/gp/product/1473916364/ref=pe_3140…