Table 8.1 shows average monthly U.S. housing starts (in thousands). Estimate a simple linear regression model where
Question:
Table 8.1 shows average monthly U.S. housing starts (in thousands). Estimate a simple linear regression model where the dependent variable is the number of housing starts and the explanatory variable is time, with t = 0 in 1960.
a. Interpret the value of the estimated slope.
b. Does the estimated slope have a two-sided P value less than 0.05?
c. State the null hypothesis in words, not symbols.
Transcribed Image Text:
Table 8.1: Exercise 8.8 111.48 1984 1965 122.74 1975 96.70 1985 1966 97.08 1976 1967 107.63 1977 128.11 1986 165.59 1987 1968 125.62 1978 1988 1969 122.23 1979 145.42 1989 168.36 1960 104.34 1970 118.47 1980 107.68 1990 98.38 2000 130.72 1961 109.42 1971 171.02 1981 90.34 1991 84.50 2001 133.58 1962 121.90 1972 196.38 1982 88.52 1992 98.97 2002 142.08 1963 133.59 1973 170.43 1983 141.92 1993 107.31 2003 153.98 1964 127.41 1974 145.78 1994 121.42 2004 162.97 145.14 1995 112.85 2005 172.34 150.45 1996 123.08 2006 150.08 122.83 2007 112.92 2008 75.42 135.05 1997 124.00 114.68 1998 134.75 1999 136.77 2009 46.17
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Answered By
Parvesh Kumar
I am an experienced Mathematics and Statistics tutor with 10 years of experience teaching students and working professionals. I love teaching students who are passionate to learn subjects or wants to understand any mathematics and statistics concept at graduation or master’s level. I have worked with thousands of students in my teaching career. I have helped students deal with difficult topics and subjects like Calculus, Algebra, Discrete Mathematics, Complex analysis, Graph theory, Hypothesis testing, Probability, Statistical Inference and more. After learning from me, students have found Mathematics and Statistics not dull but a fun subject. I can handle almost all curriculum of mathematics. I did B.Sc (mathematics), M.Sc (mathematics), M.Tech (IT) and am also Gate (CS) qualified. I have worked in various college and school and also provided online tutoring to American and Canadian students. I look forward to discussing with you and make learning a meaningful and purposeful
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
Question Posted:
Students also viewed these Business questions
-
1. For each of the following pairs, explain why you believe that they are positively related, negatively related, or essentially unrelated. If they are related, identify the dependent variable. a....
-
This question concerns lexical grammars. (a) Tree Adjoining Grammars contain two types of elementary tree. (i) What are these trees called? [1 mark] (ii) If one were building a grammar for English...
-
Use the data in Table 1.6 to estimate a simple linear regression model where the dependent variable is 2007 prices and the explanatory variable is the hard drive size. Size (Gigabytes) 2003 2004 2005...
-
answer the following questions about the countries below using CIA factbook Economic Systems Continuum Activity: Country Information Cards Answer the following questions about the countries below...
-
The following forecasts of earnings per share (E PS) and dividend per share (DPS) were made at the end of 2012 for a firm with a book value per share of $22.00: The firm has an equity cost of capital...
-
What is international trade? Why does it occur?
-
For the multiple-leaf spring described in Problem 12.5 (Fig. 12.17), consider only one-half of the spring for modeling using five beam elements of equal length and derive the stiffness and mass...
-
Selected condensed data taken from a recent balance sheet of Perkins Inc. are as follows. What are the(a) Working capital,(b) Current ratio, and(c) Acid-testratio? PERKINS INC. Balance Sheet...
-
What is the future of global trade and how does it affect the US economy and (another country that you'd like to work in someday? Please review the following article...
-
A least squares regression was used to estimate the relationship between the dollar price P of 45 used 2001 Audi A4 2.8L sedans with manual transmission and the number of miles M the car had been...
-
Use the data in Table 1.6 to estimate a simple linear regression model where a. The dependent variable is the price of a 200 GB hard drive and the explanatory variable is the year. b. The dependent...
-
How do transportation considerations influence facility location decisions?
-
Plutonium-239 has a half-life of approx. 24, 120 years. Assuming we started with 30 grams, how many grams of plutonium would there still be after 39,056 years?
-
Greene Corporation manufactures a drink bottle, model CL24. During 2020, Greene produced 160,000 bottles at a total cost of $736,000. Sealy Corporation has offered to supply as many bottles as Greene...
-
What are the underlying mechanisms of microbial pathogenesis, including bacterial virulence factors, host-pathogen interactions, and the evolution of antibiotic resistance, and how can this knowledge...
-
Jose has $60,000 to invest today at 4% to pay a debt of $96,062. How many years will it take him to accumulate enough to liquidate the debt?
-
Required: Prepare journal entries for a local government to record the following transactions, first for fund financial statements and then for government-wide financial statements. a. The government...
-
What is an opinion unit and of what significance is an opinion unit to the auditor?
-
a. Why does the Wi-Fi Alliance release compatibility testing profiles in waves instead of combining the entire standards features initially? 27a1.) An 802.11ac Wi-Fi compatibility testing profile...
-
What are examples of the benefits that you can provide to a prospective employer in your field? What are examples of the costs that employer would incur if they hired you? How do you think you can...
-
Give an example of a recent purchase you made where the purchase wasnt just a single transaction but rather part of an ongoing relationship with the seller. Discuss what the seller has done (or could...
-
Discuss how the micro-macro dilemma relates to each of the following products: high-powered engines in cars, nuclear power, bank credit cards, and pesticides that improve farm production.
-
You expect to graduate with $54,453 in student loans. The interest rate on your loan is 6.7 percent compounded monthly and the loan calls for fixed monthly payments. If you repay the loan in 17 years...
-
Conduct a Cost/Benefit analysis for the Migrant Worker program in Canada. Be sure to identify the choices and at least one cost and benefit for each choice. As you examine the evidence for this...
-
Tedd E. Bear has an annual salary of $48,000 with no other loans outstanding. Using the 25% guideline from class and with a 20% down payment, how expensive of a home can Tedd purchase using a 3%, 30...
Study smarter with the SolutionInn App