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regress the logarithm of expenditure on your category on lgdpi and the logarithm of the relative price series give an
perform a box-cox test to determine whether there is a significant difference in the fit of the linear and logarithmic
sometimes a time trend is included in a regression as an explanatory variable acting as a proxy for some gradual change
to allow for the possibility that expenditure on your category is partly subject to a one-period lag regress the
using the ces data set perform a tobit regression of expenditure on your commodity on total household expenditure and
investigate the factors affecting going to college using your eaef data set define a binary variable college to be
a random variable x is defined to be the difference between the higher value and the lower value when two dice are
a random variable x is defined to be the larger of the two values when two dice are thrown or the value if the values
perform a logarithmic regression of expenditure on your commodity on income and relative price first using ols and then
examine the durbin-watson statistic for the logarithmic demand function that you fitted in exercise 124 is there
fit the logarithmic form of your demand function for your category of expenditure for the periods 1959-1990 and
use the salkever indirect method to compute forecasts and their standard errors for the logarithmic demand function for
nuts and bolts are perfect complements a nut is valuable only when paired with a bolt and vice versa ted spends all his
sam currently earns 30000 a year the government is considering a policy that would increase sams income by 12 percent
the formula for alberts demand curve for music downloads is m 150 - 60pm where m is the number of downloads and pm is
beatriz enjoys writing and uses a large amount of paper currently paper costs 2 for 100 sheets the formula for her
arnold spends all his money on sunscreen and lemonade in june he bought 5 ounces of sunscreen at 1 per ounce and 20
sheryl spends all of her leisure time and all of her money on sailing she doesnt value leisure time if she cant sail
the law firm of dewey cheetham and howe fi les claims against unscrupulous car repair shops that take advantage of
pete and mary run a firm that packs coffee beans the number of pounds of coffee they pack depends on the number of
suppose that in table 73 page 218 the number of garden benches produced by 0 1 2 3 and 4 workers is instead 0 35 70 99
emily draws cartoons that she sells to her classmates her average product of labor is five cartoons per hour if she
suppose that because of a technological breakthrough a firm that uses a single input to produce its output is able to
suppose noah and naomis short-run weekly production function for garden benches is fl min0 l - 2 where l represents
johnson tools produces hammers it has signed a labor contract that guarantees workers a minimum of 30 hours per week of