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Probelm:
(a) Differentiate between homoscedasticity and heteroscedasticity.
(b) Outline the reasons why the variances of disturbance term may vary.
(c) Given the 3 observations (1,4) , (2,6) and (3,7), with the true model being
Y = β1 + β2 X + u, solve the fitted line.
how can the factors of production be occupationally mobile
A shok question #Minimum 100 words accepted# when did the most recent shock to the crude oil market occur
energy consumption and economic growth
what is the case of autocorrelation
Your firm will produce widgets for the next 10 years (starting at t=1). Annual revenue from selling widgets is $20,000. Production requires an initial outlay (at t=0) for machin
what are factors contributing to the long run trend interms of trade of developing countries?
Costs. a. Complete the following table. Total Product (Q) Total Fixed Cost Total Variable Cost Total Cost Average Fixed Cost
Models of time series
(a) Describe all tests that you need to undertake prior to working with time series data. (b) Consider the following regression result: Standard Errors: (6.7525)
Consider a linear model to explain pricing of houses: Price = ß0 + ß1lotsize + ß2sqrft + ß3bdrms + u (1) E(u| lotsize, sqrft, bdrms)=0 Var (u| lotsize, sqrft, bdrms)=s2 lotsize4
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