Correlation coefficient, Econometrics

Assignment Help:

a) Explain what is calculated by a correlation coefficient.

b) Why do economists commonly find regression a more useful tool than correlation?

c) In a sample of 102 men the correlation among age and monthly donations to charity is found to be 0.2.Test whether this correlation is significantly among from zero and comment on your result.


Related Discussions:- Correlation coefficient

Identification problem, #question.elaborate the different methods for the e...

#question.elaborate the different methods for the estimation of simultaneous equation model in case of exact and over identification?

Production function and general equilibrium, Production Functions, Labor Ma...

Production Functions, Labor Markets, and a Small Open Economy. In 2007, the Icelandic economy was in general equilibrium, the supply of labor was a positive function of the real

Explain the meaning of regression, Problem 1: a. Explain the meaning o...

Problem 1: a. Explain the meaning of regression and its usefulness. b. Distinguish between GARCH (1, 1) and asymmetric GARCH. c. Clearly explain the two tests used for

Econometric techniques analyse daily prices, Choose a share from a market s...

Choose a share from a market such as LSE, NYSE, NASDAQ, etc. [Data sources could be Datastream, Google Finance or others]. Prepare a report which involves the following aspects:

Procurement, You are a logistics consultant for a rapidly growing online re...

You are a logistics consultant for a rapidly growing online retail company. They plan to expand their operations to a new geographical region.Task: Develop a comprehensive logistic

Measurement error, what are the causes,consequences and remedy of measureme...

what are the causes,consequences and remedy of measurement error?

Profit Electron, Calculate the incremental profit Electron Control would ea...

Calculate the incremental profit Electron Control would earn by customizing its instruments and marketing directly to end users.

Identify the parameters of this model, Consider a Simple Linear Regression ...

Consider a Simple Linear Regression Model (SLRM) of the form y= a1+a2X+e where e ~  N(0,σ 2 )(Use the assumptions outlined in our class and available for review in the lecture note

Lag, reasons of lags

reasons of lags

Demand=price, expected solution plus hypothesis

expected solution plus hypothesis

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd