Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please help. thank you Problem Set 2: Multiple Linear Regression Econ 390 1. The athletic director of NIU is interested in explaining attendance at football

please help. thank you

image text in transcribed
Problem Set 2: Multiple Linear Regression Econ 390 1. The athletic director of NIU is interested in explaining attendance at football gamesat NIU and asks you to help. Based on the available (game level) data, you suggest the following model: Attend = 30 + 1WLperc + zOppWLperc + sGames + 4Temp + u where Attend is game attendance (in 1,0005), WLperc is NIU's win/loss percentage to date, OppWLperc is the opponent win/loss percentage to date, Games is the number of games played this season to date, and Temp is air temperature during the game. (a) What signs do you expect [31, 32, ,83 and ,84 to have? Explain. (b) You estimate this model using the data for about 120 home games played duringthe past 20 years, and here are the results: A Attend = 8.12 + 0.063WLperc + 0.0110ppWLperc + 0.031Games + 0.010Temp (3.34) (0.014) (0.014) (0.177) (0.062) n = 12O,R2= 0.171 (i) Which slope coefficients are statistically significant at the 5% level? At the1% level? (ii) Test overall significance of this model at the 5% level. (iii) Based on these estimates: if the athletic director wants to increase attendance, what should he do? (c) Dropping OppWLperc, Games and Temp from the equation gives A Attend : 9.38 + 0.057WLperc (4.11) (0.017) n = 12O,R2 = 0.159 [i] Are OppWLperc, Games and Temp jointly significant at the 5% level? (ii) Does including these variables in the model greatly affect the estimated effectof NIU's football team win/loss percentage? (d) What other variable(s) you'd want to include in this model

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

Democracy And Public Administration

Authors: Richard C Box

1st Edition

1317473213, 9781317473213

More Books

Students also viewed these Economics questions

Question

=+a) Draw the decision tree.

Answered: 1 week ago