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The following estimated equation was obtained by OLS regression using quarterly data for 1958 to 1976 inclusive: Yt = 2.20 + 0.104X1t − 3.48X2t + 0.34X3t. (3.4) (0.005) (2.2) (0.15) Standard errors are in parentheses. The explained sum of squares is 80 and the residual sum of squares 40. a. when three seasonal dummy variables are added and the equation reestimated, the explained sum of squares rose to 90. Define the seasonal dummy variables and write down the regression equation (using β’s for coe?cients). Test the null hypothesis of no seasonality.
The factors that cause shifts in supply and the importance of demand are examined. What is the law of supply, and what are the factors that cause shifts in supply? What is the law of demand and why is it important? Why does an increase in the price o..
Which of graphs below shows Y increasing at a decreasing rate. Which of following issues is related to microeconomics rather than macroeconomics.
Where there currently is a tariff. What is the effect of this tariff on the U.S. economy.
It is important for companies to differentiate their services or products in the market place. This differentiation sometimes leads to building a core competency. which we will explore in the following individual assignment.
Income from recycling plastics is expected to be $2000 in Year 1 and increase by $500 a year for each of the next 5 years if you buy a sorting machine. ($2000 in Year 1, $2500 in Year 2, etc.) Draw a cash flow diagram showing your expected income in ..
If the exchange rate at the end of the year is 105 yens for a dollar then what would be the inflation rate be in the US.
Many economists claim that in a small open economy operating under a fixed exchange rate regime, the domestic central bank is powerless to control the money supply, and monetary policy is thus powerless as a tool to stabilize domestic output. Do you ..
Analysts have estimated the present values of the following effects over the expected useful life of the pool: PV (million dollars) State grant: 2.2 Construction and maintenance costs: 12.5 Personnel costs: 8.2 Revenue from county residents: 8.6 Reve..
Alternative A has a first cost of $20,000, an operating cost of $9,000 per year, and a $5,000 salvage value after 5 years. Alternative B will cost $35,000 with an operating cost of $4,000 per year and a salvage value of $7,000 after 5 years. At an MA..
When writing a bad-news message, it’s best to
Takashi has non-labor income from his investments of I = $60 per day, and can earn an hourly wage at his job of $20 per hour. Write a formula for Takashi’s budget constraint as a function of L (leisure hours) and C (consumption spending per day). Is ..
Trade liberalization leads to a "race to the bottom" in environmental standards. Make the argument and counter-argument, present the following data;
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