Question
Add the variable planned economy to the level-log equation in (v) and estimate the following model. TotalMedals= 0+ 1 log(realGDP)+ 2 log(population)+ 3 plannedeconomy+ u
Add the variable planned economy to the level-log equation in (v) and estimate the following model.
TotalMedals=0+ 1log(realGDP)+ 2log(population)+ 3plannedeconomy+ u
Interpret the coefficient of planned economy variable. Test whether the coefficient of plannedeconomy is less than 20 at 1% level of significance.
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An Introduction To Categorical Data Analysis
Authors: Alan Agresti
2nd Edition
0470653205, 9780470653203
