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Wooldridge, Using data from 1988 for houses sold in Andover, Massachusetts, from Kiel and McClain (1995), the following equation relates housing price (price) to the distance from a recently built garbage incinerator (dist):fitted log(price) = 9.40 + 0.312 log(dist)n = 135, R-squared = 0.162(i) Interpret the coefficient on log(dist). Is the sign of this estimate what you expect it to be?(ii) Do you think simple regression provides an unbiased estimator of the ceteris paribus elasticity of price with respect to dist? (Think about the city's decision onwhere to put the incinerator.)(iii) What other factors about a house affect its price? Might these be correlated with distance from the incinerator?
If Sandwiches To Go Inc. buys all the sandwich producers and cuts production to 100 sandwiches an hour, what is the deadweight loss that is created?e. If in part d, Sandwiches To Go Inc. rations sandwiches to two per person, is this distribution of..
This question refers to the estimated regressions in table 1 computed using data for 1988 from the United States Current Population opinion poll.
Evaluate the merit or otherwise of the above statement by commenting on the R2 values of the estimated CAPM regressions above.
Regression analysis was used to estimate the given seasonal forecasting equation, D1 is a variable that is equal to one in 1st quarter and zero otherwise;
Calculate the predicted probabilities and verify that all the ?tted values are between 0 and 1. What is the smallest value you observe? And the largest?
What is CEO Toback's most pressing concern and how could he go about addressing this concern?2. Do you agree or disagree with the assessment of the concern and the plan to address this concern? Why or why not?
What are externalities? What are positive and negative externalities? Give examples of Positive and negative externalities and give a brief introduction about your chosen merit good and explain the role of government in providing this merit good to..
Explain the term demerit goods and give examples of this and what are externalities? What are positive and negative externalities?
Calculate the marginal revenue product for each additional unit of labor if output sells for $3 per unit b. Draw the demand curve for labor based on the above data and the $3-per-unit product price c. If the wage rate is $15 per hour, how much labor ..
The given information is the quarterly sales of gasoline in the U.S. in millions of barrels during part of the 1980s and the 1990s. Determine the linear trend and use it to forecast sales for first quarter of 1992.
Determine unemployment in the cattle Industry. Explain a current status of unemployment in the Cattle Industry.
On the basis of the information regarding the risk involved in the two projects, you come up with the following probability distributions for the projects:
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