Using your computer software, and the 50 observations on savings (y), income (x) and average income (z) in table13-2.dat, 2. (a) Estimate a least squares regression of savings on income. (b) Estimate the relation between savings and permanent income using the IV estimator, with instrument z. (2SLS) (c) Carry Hausman test for the existence of correlation between x and the random disturbance e. 65.917 64.553 83.830 2.473 68.147 84.205 84.016 3.816 52.269 5.350 97.008 81.292 3.872 57.779 4.249 62.566 3.893 4.253 ..g72 62-929 6811 64.584 60.696 79.493 66.289 65.105 69.199 72.550 68.682 3.690 92.044 3.798 59.509 59.549 49.197 2.218 73.252 2.1888.96 3.366 4.456 56.080 57.786 63.633 70.257 68.718 61.430 68.352 2.951 3.823 68.196 69.690 86.058 2.728 78.361 4.750 71.126 89.281 6. 52 62.857 69.845 69.331 67.124 4.898 2.545 5.920 88.411 77.843 3.504 59.168 3.157 99.152 54.386 5.584 56.964 74.825 64.007 5.085 66.316 3.349 106.234 70.680 4.229 81.772 78.889 66.597 4.621 81.702 66.399 80.234 4.422 89.467 86.202 64.566 5.296 2966 242 75.896 60.586 63.393 63.766 4.027 3.561 1280 36 210 40Submit 80.904 4.779 72.163 64.147 70.311 89.195 59.727 70.368 3.123 5.095 4.224 5.090 03computer 02 012 output 3.908 2.535 3.621 5.765 68.372 66.388 68.009 72.863 69.720 80.204 61.235 66.397 3.2040 83.35135please 82.107 3.313 86.021 Using your computer software, and the 50 observations on savings (y), income (x) and average income (z) in table13-2.dat, 2. (a) Estimate a least squares regression of savings on income. (b) Estimate the relation between savings and permanent income using the IV estimator, with instrument z. (2SLS) (c) Carry Hausman test for the existence of correlation between x and the random disturbance e. 65.917 64.553 83.830 2.473 68.147 84.205 84.016 3.816 52.269 5.350 97.008 81.292 3.872 57.779 4.249 62.566 3.893 4.253 ..g72 62-929 6811 64.584 60.696 79.493 66.289 65.105 69.199 72.550 68.682 3.690 92.044 3.798 59.509 59.549 49.197 2.218 73.252 2.1888.96 3.366 4.456 56.080 57.786 63.633 70.257 68.718 61.430 68.352 2.951 3.823 68.196 69.690 86.058 2.728 78.361 4.750 71.126 89.281 6. 52 62.857 69.845 69.331 67.124 4.898 2.545 5.920 88.411 77.843 3.504 59.168 3.157 99.152 54.386 5.584 56.964 74.825 64.007 5.085 66.316 3.349 106.234 70.680 4.229 81.772 78.889 66.597 4.621 81.702 66.399 80.234 4.422 89.467 86.202 64.566 5.296 2966 242 75.896 60.586 63.393 63.766 4.027 3.561 1280 36 210 40Submit 80.904 4.779 72.163 64.147 70.311 89.195 59.727 70.368 3.123 5.095 4.224 5.090 03computer 02 012 output 3.908 2.535 3.621 5.765 68.372 66.388 68.009 72.863 69.720 80.204 61.235 66.397 3.2040 83.35135please 82.107 3.313 86.021
