Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following double log equation (standard errors in parenthesis): InY = 212.6+0.326lnX + 0.056/nX2 +0.0371nX3 +0.4641nX4 (0.046) R = 0.74 (a) Interpret the

 

Consider the following double log equation (standard errors in parenthesis): InY = 212.6+0.326lnX + 0.056/nX2 +0.0371nX3 +0.4641nX4 (0.046) R = 0.74 (a) Interpret the coefficients of X and X4 (0.028) N=250 (0.017) (0.082) F-statistic= 66.8 (4) (6) (4) (b) Calculate the 95% Confidence Interval (CI) for the coefficients of X1 and X3 (c) Perform the F-Test for the joint significance of all the coefficients in the model (d) What is the likelihood of finding heteroscedasticity in such a model? Test for the presence of heteroscedasticity given the following information: R of auxiliary equation = 0.736

Step by Step Solution

3.36 Rating (152 Votes )

There are 3 Steps involved in it

Step: 1

a Interpretation of coefficients The coefficient 0326 for lnX means that a one percent increase in X ... 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

Using Econometrics A Practical Guide

Authors: A. H. Studenmund

7th edition

013418274X, 978-0134182742

More Books

Students also viewed these Economics questions