12.97 Based on data from 63 counties, the following model was estimated by least squares: yn =...

Question:

12.97 Based on data from 63 counties, the following model was estimated by least squares:

yn = 0.58 - .052x1 - .005x2 R2 = .17 1.0192 1.0422 where yn = growth rate in real gross domestic product x1 = real income per capita x2 = average tax rate, as a proportion of gross national product The numbers in parentheses under the coefficients are the estimated coefficient standard errors.

a. Test against a two-sided alternative the null hypothesis that b1 is 0. Interpret your result.

b. Test against a two-sided alternative the null hypothesis that b2 is 0. Interpret your result.

c. Interpret the coefficient of determination.

d. Find and interpret the coefficient of multiple correlation.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Answer rating: 100% (QA)

Answered By

Asim farooq

I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening. My Expert Service Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities

4.40+ 65+ Reviews 86+ Question Solved

Related Book For book-img-for-question