(Stata13):Interpret Regression Output

This brief hands-on tutorial shows how to interpret a regression output in Stata13. It also gives an understanding of the basic features of a regression output.
Here is the link to the detailed tutorial: cruncheconometr...
Here is the link to the ex21-1.wf1 dataset (EViews file) used for this tutorial (endeavour to have a Google account for easy accessibility): drive.google.c...
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Stata Videos Playlist: • (Stata13):Estimate and...
EViews Videos Playlist: • (EViews10):Interpret V...

[@CrunchEconometrix]

UA-cam recently changed the way my content will be monetised. My channel now needs 1,000 subscribers. So it would be amazing if you show your support by both watching my videos and subscribing to my channel if you haven’t done so already. Monetising my videos allows me to invest back into the channel with some new equipment so this small gesture from you will be extremely huge for me. Many thanks for your support….CrunchEconometrix loves to teach, help me stay online.

[@wendypaul3910]

Thank you so much for taking the time to make this video, very well explained and just what I needed after suffering a year in a stats class and dreading my upcoming exam. God bless you.

[@CrunchEconometrix]

You too, Wendy and wishing you the best in your forthcoming exams.

[@adetolaajulo]

Thank you for this video ma'am, very helpful

[@CrunchEconometrix]

You are welcome, Sis🥰🙏

[@j.s180]

Thank you for the explaining.

[@CrunchEconometrix]

You are welcome, JS! 🙏 ❤️

[@kmands6336]

very profound and helpful. thank you so much.

[@CrunchEconometrix]

Thanks, Kmands for the encouraging feedback. Deeply appreciated!

[@MotariOngeta]

very clear and to the point.

[@CrunchEconometrix]

Thanks, Motari for the encouraging feedback. Deeply appreciated!

[@alysynharvey-green5785]

Thank you. I haven't found any videos that explain regression tables analysis in such detail as yours.

[@CrunchEconometrix]

Thanks, Alysyn for the commendation. Deeply appreciated! May I know from where you are reaching me?

[@alysynharvey-green5785]

@@CrunchEconometrix from the UA-cam video on regression explaining the stata output

[@CrunchEconometrix]

Hahahaha, I know that. I was referring to your country or present location. Just to keep track of the demographics of my viewers, that's all.

[@alysynharvey-green5785]

@@CrunchEconometrix sorry...I'm in the US. Colorado

[@CrunchEconometrix]

@@alysynharvey-green5785 Awesome! Kindly share my videos with your students and academic community...thanks!

[@paralegs]

Great video... thank you

[@CrunchEconometrix]

Glad you liked it, Latrice!

[@wat7301]

Thank you for the great video.

[@CrunchEconometrix]

Thanks Melanie for the encouraging feedback. Deeply appreciated! 🙏 ❤️

[@wat7301]

I am a Cameroonian studying in Japan. I recently came across your videos and they have been so helpful. I really appreciate your hard work. May God Bless you

[@amaatta7875]

Thanks. Great lesson

[@CrunchEconometrix]

Thanks Ama, for the encouraging feedback. Deeply appreciated!

[@chrisisah8006]

Thanks for the video. very informative

[@CrunchEconometrix]

Thanks, Chris for the commendation. Deeply appreciated! May I know from where (location) you are reaching me?

[@CrunchEconometrix]

Thanks, Chris for the commendation. Deeply appreciated! May I know from where (location) you are reaching me?

[@chrisisah8006]

@@CrunchEconometrix Glad to see a reply from you ma'am. I reside in Abuja

[@kitesamesele7202]

Very interesting, keep up!!

[@CrunchEconometrix]

Thanks, Kitesa for the encouraging feedback. Deeply appreciated!

[@stacyorb2]

Thank you so much, you explained this so clearly!

[@CrunchEconometrix]

Thanks for the encouraging feedback, Stacyorb2! 🙏 ❤️

[@kevinloffler7441]

thank you very helpful

[@CrunchEconometrix]

U're very welcome, Kevin.

[@antoniaangelopoulou4269]

Really detailed video thank you! I would like to ask you something, in case i have only the output of stata and i have to interpret it, how can i know if it is linear or not??

[@CrunchEconometrix]

Thanks for the encouraging feedback, deeply appreciated! I'll have to refer you to basic econometrics textbooks to read up on linearity for better understanding. Please may I know from where (location) you are reaching me?

[@aniksaha9925]

If p value of constant becomes significant in FEM model, would it be a problem?

[@CrunchEconometrix]

Hi Anik, is your question related to this video because I can't understand what you imply?

[@jeffanyacosta6129]

wow, well explained!!!

[@CrunchEconometrix]

Thanks Jeffany, for the positive feedback and remarks. Deeply appreciated! May I know from where (location) you are reaching me?

[@popoolao.a2793]

Is there any difference in the result of eveiw and stata. If there is any, which oneis best to adopt

[@CrunchEconometrix]

Popoola O. A
My experience with both applications is that the way they turn out results differ a bit. Firstly, on regression analysis, I observe that the coefficients, t-stats, F-ratio, Rsquared, and pvalues are similar.. almost same. To me, this are the most important things to look out for. Secondly, EViews return model specification results for each regression. I mean details like average value of the dep variable, SD of dep variable, AIC, SC etc. These are also relevant if you need to report them or make certain justifications for your model. My conclusion is that both softwares are good. Try and get a very good mastery of one and an average intellect of the other. I'll be teaching using 3 packages so that readers are carried along to the best of my ability. Observe the 3 results from EViews, Stata and Excel and you'll see they are quite similar. Hope these helps...

[@josephamoforitse6433]

You are too much. Your explanations are clear and unambiguous

[@CrunchEconometrix]

Hi Joseph, thanks for your encouraging feedback. Deeply appreciated ☺️ 🙏

[@abhilash8973]

Must watch for ecotrix noobs

[@ruchiaharana4979]

So, just to confirm, if I were to write out the equation with pce and income, would it be:
pce = 0.8192325*income - 31.88846? The two numbers are the Coef of income and _cons respectively.
Thank so much! You video was short and sweet, and saved my from crying at my assignment haha :P

[@CrunchEconometrix]

Yes, Ruchia...and thanks for the encouraging words and feedback. Deeply appreciated!

[@jasmijn5629]

Your videos are great!
A question: I want to take the log of one of my independent variables to reduce this variables skewedness and normalize the data. This variable is measured as % of GDP. Is it possible to take the log of a variable that is measured as % of GDP? I learned that transforming a variable to log changes it interpretation to percentages instead of absolute values. Therefore, if I take the log of a variable already measured in percentages, how do I interpret the log version of this variable?

[@CrunchEconometrix]

Jas, you give an elasticity interpretation. Eg, a percentage change in X results in a percentage increase/decrease in Y, on average, ceteris paribus. Read Wooldridge on how to interpret the functional forms of a model. Thanks.

[@accontingfinance4826]

mar(honey) it is so interesting ,,,,

[@CrunchEconometrix]

Thanks!