Estimate the above model using ols and report the regression

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Reference no: EM131740810

Describe to see the description of the variables.

1. Use the data in vote1.dta to answer this question.

(a) Estimate the following model using OLS

vote_a = β₁ + β₂prty_a + β₃democ_a + β₄lexp_a + β₅lexp_b + e.

Report the results.
(b) Obtain e^{^} and y^{^} and plot |e^{^}| vs. y^{^}.
(c) Estimate the model again with White robust standard errors and report the results.

2. Use the data in phillips2.dta for this question. We have the following Phillips Curve model:

inf_t = β₁ + β₂unem_t + e_t.

(a) Estimate the above model using OLS and report the regression.
(b) Plot e^{^}_t vs. e^{^}_t-1.

Attachment:- data files.rar

Reference no: EM131740810

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