Select a 50 % random subsample of the Section 4.6.4 data on log health expenditure ( y
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Select a random subsample of the Section 4.6.4 data on log health expenditure and log total expenditure .
(a) Obtain OLS estimates and contrast usual and White standard errors for the slope coefficient.
(b) Obtain median regression estimates and compare these to the OLS estimates.
(c) Obtain quantile regression estimates for and .
(d) Reproduce Figure 4.2 using your answers from parts (a)-(c).
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Related Book For
Microeconometrics Methods And Applications
ISBN: 9780521848053
1st Edition
Authors: A.Colin Cameron, Pravin K. Trivedi
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