Thoroughly classroom tested, this introductory text covers all the statistical topics that constitute a foundation for basic econometrics, with concise explanations of technical material. Important proofs are shown in detail; however, the focus is on developing regression models and understanding the residual statistics that surround these models.

The text explains complex material in a simple and intuitive manner, and students will be impressed with their understanding of this challenging material. Designed as a stand-alone applied undergraduate econometrics text, it can also serve as a complement to other more advanced texts.

Data sets for the end-of-chapter applications are in Excel files and available online to both students and instructors.