Answered step by step
Verified Expert Solution
Question
1 Approved Answer
QUESTION 1 The Ministry of Trade has tasked you to estimate a regression equation for the Government of Ghana. The aim is to look at
QUESTION The Ministry of Trade has tasked you to estimate a regression equation for the Government of Ghana. The aim is to look at the domestic factors that influence export of goods and services from Ghana. The domestic factors included were the inflation rate in percentage real Gross Domestic Product GDP and real investment. The results generated from the estimation are presented in the table below. Answer the questions that follow. Use the level of significance. Dependent Variable: EXPORTS OF GOODSAND SERVICES VariableInflation Real GDP Real Investment ConstantRsquared Adjusted Rsquared Fstatistic ProbFstatisticAnswer the following questionsCoefficientStd ErrorEtstatisticProb a Derive the regression equation from the table.b Interpret the coefficients of inflation, GDP andReal Investment and determine theirstatistical significance.c Explain the RSquared value.d Explain the Fvalue and its overall significance to the regression output.
Step 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