Reference no: EM131356714 , Length:
APPLIED ECONOMIC ANALYSIS
Assignment- 1
The data file "Auction Price" contains data on auction prices of antique clocks, the age of the clocks, and the number of bidders.
Estimate the following regression and comment on the values of the coefficients:
Pricei = β1 + β2Agei + β3 Ni + ui
Where Nis the number of bidders.
Comment on the signs and values of the coefficients.
Comment on whether Age and N individually influence the auction price.
What does the R2 represent?
What does the R‾2 represent?
Test the overall significance of the regression.
2. Using the data from "Starting Pay" to answer the following questions:
(a) Run the following regression:
ASPi= β1 + β2 GPAi +β3 GMATi +β4 EMPi + β5Tuitioni + β6Ratingi + β7Accepti + ui
(b) Comment on the meaning of the values of the coefficients.
(c) Comment on whether each explanatory variable explains average starting pay.
(d) Comment on the presence of multicollinearity.
(e) Comment on the problems encountered, if any, with multicollinearity.
(f) Would you expect the ASP regression function to suffer from heteroscedasticity?
(g) Apply a diagnostic test to determine if the function does suffer from multicollinearity heteroscedasticity.
If it does, perform a remedial measure to correct for heteroscedasticity.
Use the data in the file "Stock Price Index" to answer the following questions:
Run the regression and comment on the estimate of the coefficient.
Graph the residuals and comment on evidence of autocorrelation.
Perform a Durbin-Watson test for autocorrelation.
If you have evidence of autocorrelation, what problem does this present?
If you have evidence of autocorrelation, use a remedial measure to correct for it.
Attachment:- Data.rar
|
Accounting profession emphasize accrual accounting
: What is the purpose of each of the basic financial statements (income statement, balance sheet, and statement of cash flows)? Financial statements are designed to provide information beneficial to users to help them assess the amount, timing, and unc..
|
|
Evaluate the four traits of organizational learning
: Evaluate the four traits of organizational learning. Provide examples of how learning and change can impact one another. Review several of your peers' posts.
|
|
What is the minimum lump sum cash payment
: Suppose the opportunity cost of capital is 10% and you have just won a $1 million lottery that entitles you to $100,000 at the end of each year for the next 10 years. What is the minimum lump sum cash payment you would be willing to take now in lieu ..
|
|
Explain the distinction between personal ethics and values
: Heterosexism is defined as "the discrimination or prejudice by heterosexuals against homosexuals" (merriam-webster.com) and is predicated on the belief that being heterosexual is the norm and the only accepted type of relationship.
|
|
Perform a durbin-watson test for autocorrelation
: Graph the residuals and comment on evidence of autocorrelation - Perform a Durbin-Watson test for autocorrelation comment on the signs and values of the coefficients and comment on whether Age and N individually influence the auction price.
|
|
Outstanding stock on an annual basis
: Many companies buy back their outstanding stock on an annual basis. List several reasons a company might want to repurchase shares of its stock, as well as the financial statement effects of this action.
|
|
Do you agree or disagree with given statement
: "An organization puts itself at a disadvantage by asking only one vendor (versus asking several vendors) for a proposal for software or hardware." Do you agree? Why or why not?
|
|
Calculate amount of revenue and gross profit
: In the year 2013, the Ford Trucking Company entered into a contract to construct a building for $15,000,000. The building was completed in 2015. Information related to the contract is as follows: Calculate the amount of revenue and gross profit to be..
|
|
Why being able to manage organizational change is important
: Research and discuss what organizational change is and why being able to manage it is important. Also, list and discuss some ways managers can help their employees deal with change.
|