The fifth edition of Basic Econometrics continues to blend foundations of econometrics with up-to-date research. It illustrates important concepts through intuitive and informative examples & data without resorting to matrix algebra, calculus or statistics beyond the elementary level. It presents not only the ‘what’ and the ‘how’ of econometrics, but also the ‘why’ and successfully provides thorough yet highly lucid descriptions of all the key econometric topics.