---
product_id: 15456235
title: "Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel"
brand: "humberto barretofrank howland"
price: "171817CFA"
currency: XOF
in_stock: true
reviews_count: 10
url: https://www.desertcart.sn/products/15456235-introductory-econometrics-using-monte-carlo-simulation-with-microsoft-excel
store_origin: SN
region: Senegal
---

# Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel

**Brand:** humberto barretofrank howland
**Price:** 171817CFA
**Availability:** ✅ In Stock

## Quick Answers

- **What is this?** Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel by humberto barretofrank howland
- **How much does it cost?** 171817CFA with free shipping
- **Is it available?** Yes, in stock and ready to ship
- **Where can I buy it?** [www.desertcart.sn](https://www.desertcart.sn/products/15456235-introductory-econometrics-using-monte-carlo-simulation-with-microsoft-excel)

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## Description

Introductory Econometrics: Using Monte Carlo Simulation with Microsoft Excel

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## Customer Reviews

### ⭐⭐⭐⭐ 4.0 out of 5 stars







  
  
    Excellent for beginners
  

*by G***F on Reviewed in the United States on June 16, 2011*

As an academic with little background in economics who constantly struggled with advanced techniques, over the years I have tried several econometrics textbooks. Every book has its strengths, but of all books I have been exposed to, I thought this one had the clearest exposition. Concepts are explained well, and the Monte Carlo approach helps tremendously in grasping the underpinning concepts. Things I liked about this book in general:* It clearly distinguishes between descriptive and inferential statistics - between describing and summarizing data, and drawing inferences from that data.* Use of Excel sheets to try things out and "see" many things for yourself (for example, see how the least squares achieves best fit to the data).* It uses real data on economic indicators, such as data on labor markets.* It minimizes use of matrix algebra or calculus. Mathematical proofs etc. are pushed into appendices at the end of chapters, which can be skipped without loss of continuity.Things I did not like:* You have to wait until Chapter 10 in order to get to statistical inference. The first 200 pages is all about summarizing and interpreting patterns in data.* The book requires you to constantly switch between Excel sheets and the book itself. As a result, every chapter takes longer to finish. Sometimes you have to work on more than one worksheet within a chapter, which adds to this difficulty.* Excel is not a statistics program and can be cumbersome. Moreover, if the student is to take more advanced courses, Excel will not be enough for him/her.I think overall the pros far outweigh the cons. I would suggest this book to students who want to grasp the basics well before moving on to more advanced courses; to graduate students outside economics who want to get a good understanding of ordinary least squares (OLS) regression and its assumptions, and to practitioners who want to have a working knowledge of OLS and its limitations. The book would be too introductory for graduate economics students in my opinion. But if you are lost in your `standard' econometrics textbook as an undergraduate, this book may save you. Finally, as with any other textbook, I would pair this book with "A Guide to Econometrics" by Kennedy, which is an excellent supplement.

### ⭐⭐⭐ 3.0 out of 5 stars







  
  
    This book gives a decent back ground of the theory but is really good for all the sample problems you can work and ...
  

*by D***N on Reviewed in the United States on October 24, 2015*

This book is alright if you looking at using excel for any predictive modeling using the Monte Carlo Method. As the title suggests it is geared toward business and economic simulations, but the sample principles apply to building simulations for engineering, design, or mathematical applications. Excel seems to be a universal arena people want to use for this purpose, This book gives a decent back ground of the theory but is really good for all the sample problems you can work and the answers to selected problems are in the back of the book. I have added it to my reference shelf at work.

### ⭐⭐ 2.0 out of 5 stars







  
  
    Disapointed
  

*by K***R on Reviewed in the United States on June 25, 2008*

Where is the application??The author uses very little, if any, examples of applying econometrics to financial topics.  The book is strewn with Larry Bird free-throw stats and SAT scores, height weight distributions and skiing training!  I was expecting daily returns on the S&P 500.I'm giving 2 stars because the CD included has some useful things, although the VB code is very amateurish.

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*Product available on Desertcart Senegal*
*Store origin: SN*
*Last updated: 2026-03-31*