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Econometrics // Lecture 3: OLS and Goodness-Of-Fit (R-Squared)
This is an introduction to OLS and Goodness-Of-Fit tutorial. This video touches on each of these subjects: 1. What is OLS? ("Ordinary Least Squares") 2. Properties of OLS 3. "Sum of Squared Residuals" (SSR), "Explained Sum of Squares" (SSE) & "Total Sum of Squares" (SST) 4. "Goodness-Of-Fit" (R-Squared) 5. Interpreting R-Squared This video is ...
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