Answered step by step
Verified Expert Solution
Question
1 Approved Answer
hi guys, Can someone assist with the following: First Question: Now estimate the following multiple regression model log (total_death_per_million) = 0 + 1log(total_cases_per_million) + 2
hi guys, Can someone assist with the following:
First Question:
Now estimate the following multiple regression model log (total_death_per_million) = 0 + 1log(total_cases_per_million) + 2 log(gdp_per_capita) + Report your regression results in a sample regression function. Interpret the estimated coefficient of log(gdp_per_capita) and explain whether the sign of the coefficient matches your predictions
SUMMARY OUTPUT Regression Statistics Multiple R 0.636292523 R Square 0.404868175 Adjusted R Square 0.393423332 Standard Error 293.5062285 Observations 107 ANOVA df SS MS F Significance F Regression 2 6094926.144 3047463.072 35.37559946 1.90496E-12 Residual 104 8959174.242 86145.90617 Total 106 15054100.39 Coefficients Standard Error t Stat P-value Lower 95% Upper 95% Lower 95.0% Upper 95.0% Intercept 112.6050564 46.10937771 2.442129173 0.016287444 21.16843011 204.0416827 21.16843011 204.0416827 total_cases_per_million 0.019097097 0.002306472 8.279786833 4.49087E-13 0.014523276 0.023670917 0.014523276 0.023670917 gap_per_capita -0.004409108 0.001545061 -2.853679145 0.005215918 -0.007473021 -0.001345194 -0.007473021 -0.001345194Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started