Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Economics : Data are available for a number of countries in Central and South America and the Caribbean. The objective is to predict a country's

Economics: Data are available for a number of countries in Central and South America and the Caribbean. The objective is to predict a country's Gross Domestic Product (GDP) (in billions of U.S. dollars) from the information listed below.

y, GDP (in billions of U.S. dollars)x1, Moody's Rating (Coded 1 for "A" ratings, 0 otherwise)x2, Adj. Default Spread (as a percentage)x3, Wage and Salaries (as a percentage)x4, Corporate Profits (as a percentage)x5, Farmer's Income (as a percentage)

THE RAW DATA FOR THIS QUESTION ARE **NOT** AVAILABLE TO YOU. Use the output below to answer the following questions.

image text in transcribed
ANOVA SS MS F Significance F Regression 5 1875825 375165 Residual 27 4915262 182047 Total 32 6791087 Coefficients Standard Error t Stat P-value Intercept -2547.587 1107.054 -2.301 0.0293 Moody's rating 310.958 210.035 1. 481 0.1503 Adj. Default Spread 112.598 171. 458 0.657 0.5169 Wage & Salaries 159.067 74.109 2.146 0.0410 Corporate Profits 48.180 92.195 0.523 0.6055 Farmer's Income 19.714 9.020 2.186 0.0377

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

Partial Differential Equations For Scientists And Engineers

Authors: Stanley J Farlow

1st Edition

0486134733, 9780486134734

More Books

Students also viewed these Mathematics questions

Question

An improvement in the exchange of information in negotiations.

Answered: 1 week ago

Question

1. Effort is important.

Answered: 1 week ago