Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The output in exhibit 13 above shows the gold prices from Q1 2014 to Q4 2021 as a function of time and quarters. Please help
The output in exhibit 13 above shows the gold prices from Q1 2014 to Q4 2021 as a function of time and quarters.
Please help I will rate good immediately
-581.8991 2234.2806 -0.2604 0.796499 (i). State and interpret the coefficient of the intercept. 2012 (ii). State and interpret the coefficient of time. DONDOVO OKO DVOCK (iii). State and interpret the estimated coefficient for the months of June to September. (iv). From the above estimated model (Exhibit 13), state the quarter with the lowest Gold prices. Interpret this value. (v). Carry out a hypothesis test to determine if the Gold prices in Quarter 4 is different to that in the prices in Quarter 1. Use a 10% level of significance and show all the steps. DDS (vi). Using the model, predict the Gold price for Quarter 2 in 2022. DA To do so: First, write down the value for the "Time" variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the Quarterly dummy variables for Quarter 2 2022. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the Gold pr -581.8991 2234.2806 -0.2604 0.796499 (i). State and interpret the coefficient of the intercept. 2012 (ii). State and interpret the coefficient of time. DONDOVO OKO DVOCK (iii). State and interpret the estimated coefficient for the months of June to September. (iv). From the above estimated model (Exhibit 13), state the quarter with the lowest Gold prices. Interpret this value. (v). Carry out a hypothesis test to determine if the Gold prices in Quarter 4 is different to that in the prices in Quarter 1. Use a 10% level of significance and show all the steps. DDS (vi). Using the model, predict the Gold price for Quarter 2 in 2022. DA To do so: First, write down the value for the "Time" variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the Quarterly dummy variables for Quarter 2 2022. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the Gold pr -581.8991 2234.2806 -0.2604 0.796499 (i). State and interpret the coefficient of the intercept. 2012 (ii). State and interpret the coefficient of time. DONDOVO OKO DVOCK (iii). State and interpret the estimated coefficient for the months of June to September. (iv). From the above estimated model (Exhibit 13), state the quarter with the lowest Gold prices. Interpret this value. (v). Carry out a hypothesis test to determine if the Gold prices in Quarter 4 is different to that in the prices in Quarter 1. Use a 10% level of significance and show all the steps. DDS (vi). Using the model, predict the Gold price for Quarter 2 in 2022. DA To do so: First, write down the value for the "Time" variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the Quarterly dummy variables for Quarter 2 2022. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the Gold pr -581.8991 2234.2806 -0.2604 0.796499 (i). State and interpret the coefficient of the intercept. 2012 (ii). State and interpret the coefficient of time. DONDOVO OKO DVOCK (iii). State and interpret the estimated coefficient for the months of June to September. (iv). From the above estimated model (Exhibit 13), state the quarter with the lowest Gold prices. Interpret this value. (v). Carry out a hypothesis test to determine if the Gold prices in Quarter 4 is different to that in the prices in Quarter 1. Use a 10% level of significance and show all the steps. DDS (vi). Using the model, predict the Gold price for Quarter 2 in 2022. DA To do so: First, write down the value for the "Time" variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the Quarterly dummy variables for Quarter 2 2022. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the Gold pr -581.8991 2234.2806 -0.2604 0.796499 (i). State and interpret the coefficient of the intercept. 2012 (ii). State and interpret the coefficient of time. DONDOVO OKO DVOCK (iii). State and interpret the estimated coefficient for the months of June to September. (iv). From the above estimated model (Exhibit 13), state the quarter with the lowest Gold prices. Interpret this value. (v). Carry out a hypothesis test to determine if the Gold prices in Quarter 4 is different to that in the prices in Quarter 1. Use a 10% level of significance and show all the steps. DDS (vi). Using the model, predict the Gold price for Quarter 2 in 2022. DA To do so: First, write down the value for the "Time" variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the Quarterly dummy variables for Quarter 2 2022. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the Gold pr -581.8991 2234.2806 -0.2604 0.796499 (i). State and interpret the coefficient of the intercept. 2012 (ii). State and interpret the coefficient of time. DONDOVO OKO DVOCK (iii). State and interpret the estimated coefficient for the months of June to September. (iv). From the above estimated model (Exhibit 13), state the quarter with the lowest Gold prices. Interpret this value. (v). Carry out a hypothesis test to determine if the Gold prices in Quarter 4 is different to that in the prices in Quarter 1. Use a 10% level of significance and show all the steps. DDS (vi). Using the model, predict the Gold price for Quarter 2 in 2022. DA To do so: First, write down the value for the "Time" variable. [Hint: Time = 1 in Qtr 1 2014] Second, write down the value for each of the Quarterly dummy variables for Quarter 2 2022. Third, write down the equation substituting these quarterly dummy values in the model (equation) to predict the Gold prStep 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