Report the ols estimates

Assignment Help Basic Statistics
Reference no: EM13996427

Question: You have to solve the Homework with using a Dataset_MRW.xlsx file.

Download the file "Dataset_MRW.xlsx" from the course website which contains the data from the appendix of Mankiw, Romer & Weil (1992) - for the non-oil sample (make sure you read the paper beforehand). Throughout let d + g = 5%. Using this dataset and the tools you learned in class, run the following regressions (you do not need to present the excel file with the regressions, report only the results required in each part):

log (y85) = a + b1 log (sk) + b2 log (n + d + g). Report the OLS estimates for b1 and b2, the R2, and the p-values for the t-tests for b1 and b2. Provide an interpretation of the OLS estimate for b1.

log (y85) = a + b1 log (sk) + b2 log (n + d + g) + b3 log (sh). Report the OLS estimates for b1, b2, and b3, the R2, and the p-values for the t-tests for b1, b2 and b3. Using the proper equation explain why the signs of the OLS estimates of b1, b2, and b3 are in line with what the (extended version of the) Solow model predicts.

log (y85) - log (y60) = a + b1 log (y60). Report the OLS estimate for b1 and the p-value for the t-test. Is the OLS estimate for b1 statistically significant? Give an explanation for why that is the case.

log (y85) - log (y60) = a + b1 log (y60) + b2 log (sk) + b3 log (n + d + g) + b4 log (sh). Report the OLS estimate for b1 and the p-value for the t-test. What is the sign of the OLS estimate of b1? Give an explanation for why that is the case.

Attachment:- dataset_mrw.xlsx

Reference no: EM13996427

Questions Cloud

Environmental sustainability in the european union : Prepare a two to three page report titled "Environmental Sustainability in the European Union (EU)." The report should be based on the publicly available information that you obtained. You may use the report published by the European Commission.
Are there circumstances in which the cost method : Are there circumstances in which the cost method is required under U.S. GAAP but not under IFRS? Explain.
Which would you recommend for your retired parents : Which would you recommend for your retired parents? Justify your answer.
Share of healthcare output produced by hospitals fallen : Why has the share of healthcare output produced by hospitals fallen? Will this trend continue? Can you think of a policy or technology change that would further reduce hospital use? Can you think of a policy or technology change that would increase h..
Report the ols estimates : Report the OLS estimates for b1, b2, and b3, the R2, and the p-values for the t-tests for b1, b2 and b3. Using the proper equation explain why the signs of the OLS estimates of b1, b2, and b3 are in line with what the (extended version of the) Sol..
What the difference between icd and snomed : Your administrator wants you to explain what the difference between ICD-9/ICD-10 and SNOMed as related to the EHRs. What would you tell them and what 2 primary points would you want to identify and why
What is needed in order to be multicellular : What is needed in order to be multicellular? What are the evolutionary advantages of multicellular?
The market value of the forklift decreases : A forklift can be purchased for $30,000. The market value of the forklift decreases by 20% of the previous year’s value for 2 years, and then by 15% in years 3 through 10. Maintenance is $400 in years 1 and 2, and then jumps to $750 in year 3. After ..
What is a cyclin cdk complex : What is a Cyclin-CDK complex

Reviews

inf996427

3/14/2017 5:51:32 AM

This fair demonstrates what a distinction working with ExpertsMind is versus your rivals. I have been blazed a few times by them and was concerned rashly as I didn't realize what's in store from ExpertsMind.com. I have now discovered that you were definitely justified even despite the hold up and the cash and I will go to no other service however ExpertsMind.com later on.

Write a Review

Basic Statistics Questions & Answers

  Estimate true proportion of home owners-vegetable gardens

A report states that 46% of home owners had a vegetable garden. How large a sample is needed to estimate the true proportion of home owners who have vegetable gardens to within 3% with 96% confidence?

  Find range of probability by graphical sensitivity analysis

Use graphical sensitivity analysis to find out range of probabilities of state of nature S1 for which each of  decision alternatives has largest expected value.

  Metric measurements for spa

Suppose you wish to build a spa on a wood deck. The deck is to be built 4 ft above level ground. It is to be 50 ft by 30 ft and is to contain a spa that is circular with a 14-ft diameter. The spa is 4 ft deep.

  Suppose that parts below the lower specification limits can

components used in a cellular telephone are manufactured with nominal dimension of 0.3 mm and lower and upper

  Probability that randomly selected bulb will fail in hours

Assuming that the life of bulbs follow Normal distribution, what is the probability that a randomly selected bulb will: Fail within 1200 hours? Survive between 1350 and 1650 hours?

  Find out the order statistics of a random sample

1. Let Yi and Yn be, respectively, the first and nth order statistics of a random sample of size n from a distribution of the continuous type having distribution function }{x). Find the smallest value of n such that Pr [}{Yn) - F(..

  Determine which methods differ in mean yields

If appropriate, determine which methods differ in mean yields. At the 0.05 level of significance, is there evidence of a difference in the variation in yields among the different methods?

  Including the number of retial outlets in the region stockin

Suppose that the sales manager of a large automotive parts distributor wants to estimate as early as April the total annual sales of a region. On the basis of regional sales, the total sales for the company can also be estimated.

  A researcher computes a 2 times 4 chi-square test for

a researcher computes a 2 times 4 chi-square test for independence. what are the degrees of freedom for this test?

  Probabilities for normally distributed data

A local bank reported to the federal government that its 5,246 saving accounts have a mean of $1,000 and standard deviation of $240.

  Computing the z scores for the given datafor a normal

computing the z scores for the given data.for a normal distribution find the z-score value that separate the middle 90

  Binomial distribution-legal speed limit

According to a recently conducted survey, 90% of all drivers in Trinidad and Tobago claim to consistently driver over the legal speed limit.

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