1. Interpret the constant and its p-value.
2. Interpret the coefficient on gas price and its p-value.
3. Interpret the coefficient on annual precipitation and carry out a t-test to determine the significance of the coefficient.
4. Interpret the coefficient on population and its p-value.

12 marks

5. The above model belongs to the class of nonlinear equations. Calculate the turning point of the nonlinear relationship.

3 marks

6. Is this a U-shaped or inverted U-shaped relationship?

1 marks

7. Analyse the relationship between energy use per capita and GDP pc based on these insights. How does energy use per capita change with GDPpc? Prepare a graph!

4 marks

8. Please define MLR 2 and describe if MLR 2 is likely to hold or not?

3 marks

9. Please define MLR 4 and describe if MLR 4 is likely to hold or not?

3 marks

AutoSave OFF A 20 9... file Individual_Home_Assignment_ECON1272_2160 Review View Tell me Home Insert Draw Design Layout References Mailings Le Share Comments QUESTION 2 We model energy use per capita of 131 countries in a given year as follows: Lutos.D= Bo + B, Lnypcpean + B Laypcpenn + BLOGasprice + B.LnAnnualprecip + TempColdest + BoTemp Warmest + B-ffrents + BuLnPop + BsLnland + D_Incomegroups+u The variables are defined as follows: Lulpes.ps-log of total primary energy consumption per capita (ks) Luxassun-log of GDP per capita (USD) Luypcpenn2 = square of log of GDP per capita (USD) Le gesprice = log of pump price for gasoline (USD/liter) Loanwaletesip-log of annual precipitation (mun) Temp coldest average temperature for the coldest month in it year (in C Temp. warmest average temperature for the warmest month in a year (in C) firsuts. - Fossil Fuel Rents % of GDP) LuPop = log of population (in millions) LoLand-log of land area (in km2) Llocomsutrun - refers to income groups "1", "2" and "3", low, midi and high income Countries. *"Log" always refers to natural logs or "In" here. Linear regression 131 143.13 Number of abs F(1, 1191 Pro R-squared Ilut HSE 3412 Habant Std. Err. . Intpes pe Cher t PI 1954 Cont. Intervall Typepern Trypcser2 asarice top_coldest THEP_W 14 presio res rasp Inland Tinramn _[inconnu _001 - -.9599562 .445156 -.2392821 -.01857 .916677 . BOE395 .221234 -.0461625 .9546501 .1692713 -.8621519 8.101216 .4256192 .056555 .185238 .41109 .0553954 .422151 .23933 .43295 .2261610 .11e7342 2.2345 -2.93 6.945 3.73 4.469 1.22.000 3.55.00 1.94 .300 6.12.90 6.90 .325 -1.23 1.66 0.45 2.15 2.652 4.82 6,412 3.450.401 -1.897016 .4447212 -.3513895 -.0289417 -.01563! -.110213 -.9021312 -122EDAT - 0141826 - .. -2623116 3.531919 -. 1225856 .1461452 -.3276157 - 168193 .2433471 . 1133114 .2014720 .2289456 .119791 .5554 .2166118 13.TARA Log referrers to natural logarithm! Page 2 of 4 637 words 0x English (Australia) Focus ES 100%