FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show work and help woth this as soon as you can. Thank you QUESTION 3 We run the following regression, - log(Y) = Bo

please show work and help woth this as soon as you can. Thank you

image text in transcribed
QUESTION 3 We run the following regression, - log(Y) = Bo + , log(X) + #2 T + u, and we found @, - 0.53. Suppose that for some value of the variable T, and X = 0.36, the predicted value of the dependent variable is Y = 1.18. Suppose now that X changes to 0.46 (but T does not change). Calculate the new predicted value Y

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

Business Statistics for Contemporary Decision Making

Business Statistics for Contemporary Decision Making

Authors: Ken Black

6th Edition

978-0470409015, 9780470559062, 470409010, 470559063, 978-0470910184

More Books

Students also viewed these Economics questions

Question

4. Discuss the following statement made by Polish writer Stanisaw Lec: You will always find some Eskimos ready to instruct the Congolese on how to cope with heat waves.

Answered: 1 week ago

Question

★★★★★
As part of a larger systems project, Clone Bank of Clone, Colorado, wants your help in setting up a new monthly reporting form for its checking and savings account customers. The president and vice...

Answered: 1 week ago

Question

★★★★★
please show work and help woth this as soon as you can. Thank you QUESTION 3 We run the following regression, - log(Y) = Bo + , log(X) + #2 T + u, and we found @, - 0.53. Suppose that for some value...

Answered: 1 week ago

Question

★★★★★
You manage a manufacturing facility that produces roller skates. The facility has monthly costs of $66,000 in mortgage, an average salary of $6,000 per employee with a total number of 50 employees,...

Answered: 1 week ago

Question

★★★★★
(LO3, 4, 6) Exercises 4-24 Indirect cost rates and the death spiral Famous Flange Company manufactures a variety of special flanges for numerous customers. Annual capacity-related (manufacturing...

Answered: 1 week ago

Question

★★★★★
Page No. Date (6) On 30 september 2014, Razor's closing inventory was counted and valved at its cast of Tas I million inventory which had cost demaged Some item T2s 210,000 Gad been in a flood Con is...

Answered: 1 week ago

Question

★★★★★
12 SC 301 student is comparing between two stocks to invest in: Stock A and Stock B. owing are the stock returns (in dollars) in the last 10 months (sample). Monthly Returns Stock A Stock B 585 960...

Answered: 1 week ago

Question

★★★★★
Economic Order Quantity Self- Quiz Problem P=$5 D=20,000 O=$10 I=10% H= $.75 The hospital has only $90,000 budgeted for the product. What is the new price the hospital must negotiate with the vendor...

Answered: 1 week ago

Question

★★★★★
*Remember to read at least 50% of your classmates posts. 1. Use inference* to identify the possible strengths of the family. 2. Use inference* to identify the possible challenges of the family. 3....

Answered: 1 week ago

Question

★★★★★
1. Assume that the data in the following table give an indifference curve for Mr. Chen. Graph this curve, putting A on the vertical axis and B on the horizontal axis. Assuming that the prices of A...

Answered: 1 week ago

Question

★★★★★
LO7.6 (Appendix) Relate how the indifference curve model of consumer behavior derives demand curves from budget lines, indifference curves, and utility maximization.

Answered: 1 week ago

Question

★★★★★
LO7.4 Discuss how the utility-maximization model helps highlight the income and substitution effects of a price change.

Answered: 1 week ago

Previous Question Next Question