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Perform a logarithmic regression of expenditure on your commodity on income. Compare the coefficients and standard errors of the two regressions and comment.
Why does an inspection of the residuals corroborate the presence (or absence) of autocorrelation indicated by the Durbin-Watson statistic?
Fit the logarithmic form of your demand function for your category of expenditure for the periods 1959-1990. Perform the Chow test of predictive failure.
How would you test Kalecki's assertion concerning the coefficients of wage and nonwage income, if you had access to Brown's data set?
Compare the regression results, paying attention to the changes in the regression coefficients and their standard errors.
Provide an interpretation of the regression coefficients, perform appropriate statistical tests, and compare regression results with tho of the same regression.
Give an economic interpretation of the regression coefficients and perform appropriate statistical tests.
Using the CES data set, perform a tobit regression of expenditure on your commodity on total household expenditure.
Perform a Durbin-Wu-Hausman test to evaluate whether ASVABC appears to be subject to measurement error.
What would be the value of the multiplier derived from a naïve regression of consumption on income, and what would be the true value?
Calculate the F statistic using R2 and perform a test of the explanatory power of the equation as a whole.
Investigate the determinants of family size by regressing SIBLINGS on SM and SF using your EAEF data set. Evaluate the regression results.
What is the probability that the individual needn't stop at either light? What is probability that individual must stop at exactly one of the two lights?
Calculate the probability that both bids are successful. What is the probability that the firm is successful in at least one of the two bids?
What is the probability that Jeanie forgets all three errands? What assumptions did you make to calcu- late this probability?
What is the probability that the selected adult regularly uses a seat belt? What is the probability that a randomly selected adult American is a former smoker?
Calculate the elasticity of FX with respect to UR at the sample means and comment on it? Comment on the result for the coefficient on the UR variable.
What is the average number of pounds of apples purchased, price of apples, education level, household size, and family income?
The purpose of this assignment is to analyze internet-based contracting issues, such as online contract formation;
What is the effect of a price ceiling on the quantity demanded of the product?
Greater income inequality is associated with lower health (the Spirit Level hypothesis). Higher income is associated with better health.
Analyse and critique the failure of growing knowledge economy in Africa by citing visable factors that influence this failure.
Select a country and go to the CIA's World Factbook Website, and research its economic wealth or poverty.
What is the missions of the World Bank and International Monetary Funds?