Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

C) 2 points Create a variable equal to the average of the civil liberties (i cl) and political rights [fh pr) scores. Then create two

image text in transcribed
C) 2 points Create a variable equal to the average of the civil liberties (i cl) and political rights [fh pr) scores. Then create two dummy variables: one called "free" that is equal to one when the average freedom score is less than 3, and zero otherwise; and another called "unfree" equal to one when the average freedom score is greater than or equal to 3, and zero otherwise. Regress life ertpectancir on GDP, GDP 2, Gini, and Free. Then estimate the same regression using the Unfree variable instead of the Free variable. Compare the two models and explain the results. What happens when you include both 1- ree and Unfree in the sarne Inodel

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Applied Regression Analysis And Other Multivariable Methods

Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg

5th Edition

1285051084, 978-1285963754, 128596375X, 978-1285051086

More Books

Students also viewed these Economics questions