Question
An estimation of the amount of GDP (Y, R billions) as a function of government expenditure (X2, R billions) and exports (X3, R billions) over
An estimation of the amount of GDP (Y, R billions) as a function of government expenditure (X2, R billions) and exports (X3, R billions) over the period 1980 - 2012 (n = 33) was done, and the following results were obtained:
Ŷi | = | -1336.049 + 12.7413X2i + 85.7640X3i |
Se | = | (175.2725) (0.9123) (8.8019) |
R2 = 0.8906; ESS = 4278295.3; RSS = 525462.2
- Interpret the estimated parameters b2 and b3, indicating and explaining whether or not their signs make economic sense.
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The regression equation is given as Y 1336049 127413X 2 85764X 3 Where Y is GDP X 2 is government ex...
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Service Management Operations Strategy Information Technology
Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi
8th Edition
978-1259010651, 78024072, 1259010651, 9780078024078, 978-0077841201
