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Suppose you are given the following simple dataset, regress Y on X: y=β0+β1x+u X Y 1 2 2 5 5 7 4 6 1) Calculate and . Show algebraic steps. 2) Interpret and 3) Calculate the predicted(fitted) value of each observation 4) Calculate the residual of each observation 5) When x=3, what is the predicted value of Y? 6) Calculate SSR, SST, and then SSE. 7) Calculate R-squared. 8) How much of the variation in Y is explained by X?
An industry consists of three firms with sales of $235,000, $680,000, and $315,000. Calculate the Her find a hl-Hirschman index (HHI). Calculate the four-firm concentration ratio (C4).
Starware Software was founded last year to develop software for gaming applications. Initially, the founder invested $800,000 and received 8 million shares of stock. Starware now needs to raise a second round of capital, and it has identified an inte..
If a perfectly competitive firm raises its price above the prevailing market rate, how much of its sales might it lose? Why? Can a competitive firm ever raise its prices? If so, when? How does an employer-paid Social Security tax on wages affect a co..
In general conclude which of the five competitive forces has the most significant impact on approach.
There are two gravel suppliers in the Davis area, Hibbert (H) and Davis Lumber (D). They are engaged in Cournot competition, and face the same inverse demand curve for gravel, given by P = 60 - 5Q, where P is in dollars per cubic yard (yard, for shor..
determine what sales price must be obtained at the end of that period in order for Amjay to break even, when the interest is 12 percent.
q1. illustrate what is the mechanism by which an aggregate demand recession is transmitted from one country to
What warnings would you give forecasters in using statistical demand equations for estimating consumer demand? How can the problems associated with using static equations in a dynamic world best be dealt with? Elaborate.
Rent controls force landlords to price apartments below the equilibrium price level. An immediate effect is a shortage (excess demand) of apartments, because the quantity of apartments demanded is greater than the quantity supplied at the regulated p..
After bad experiences with a flexible exchange rate, the small open economy of Rivendell decides to fix it exchange rate. Suppose the economy of Rivendell has reached the long run equilibrium. Is trade policy more effective under a flexible exchange ..
Evaluate the performance of using the composite index of leading indicators in forecasting the recession in the U.S. (you may need to search additional information for answering this question).
q1. susie purchased a non-refundable ticket to a soccer match for 20. it will cost her 10 worth of gas and wear and
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