The statistical significance of the estimated coefficients

Assignment Help Macroeconomics
Reference no: EM13200976

A linear trend equation for sale of the form Qt = a + bt was estimated for the period 1993-2007 i.e. t=1993, 1994, 2007 The results of the regression are as follow: 

Dependent variable : Qt, R-Square, F-ratio, P-Value on F 

Observations : 15, 0.6602, 25.262, 0.0002 

Variable, Parameter Estimate, Standard Error, T-ratio, P-value 

Intercept 73.71460, 34.08, 2.16, 0.0498 

t 3.7621, 0.749, 5.02, 0.0002 

a) Evaluate the statistical significance of the estimated coefficients use 5 percent for significance level Does this equation indicate a significant trend? (6m) 

b) Using this equation, forecast sales in 2008 and 2009. (4M) 

c) Comment on the precision of these two forecasts. (4m) 

Reference no: EM13200976

Questions Cloud

Find the of hits each player had : 2 minor league minor league baseball players got a total of 258 hits. washington had 4 more hits than sanchez . find the of hits each player had.
Determine the lengh of the guywire : A 410-ft weather tower used to measure wind speed has a guy wire attached to it 175 ft above the ground. The angle between the wire and the vertical tower 57degrees. Determine the lengh of the guywire.
Find the length and width of the court : The length of a regulation tennis court is 4 feet greater than twice its width. The perimeter of the court is 248 feet. Find the length and width of the court. (P=2l+2w)
State a hot air balloon rises and moves away : a hot air balloon rises and moves away from you. the total distance it travels is 1382 feet. the angle of elevatin from you to the balloon
The statistical significance of the estimated coefficients : Evaluate the statistical significance of the estimated coefficients use 5 percent for significance level Does this equation indicate a significant trend.
Calculate household income what programs are ignored : How does the US Department of Agriculture calculate the official poverty level What government assistance programs does the Census Bureau consider when calculating household income What programs are ignored
Calculate the amount paid for each note and bond : Calculate the gain or loss as a percentage of your original investment for each note and bond and calculate the gain or loss as a percentage of your original investment for each note and bond.
How large of a rebate should the company offer : A manufacture has been selling 1050 television sets a week at 390 dollars each. A market survey indicates that for each 13 -dollar rebate offered to a buyer, the number of sets sold will increase by 130 per week.
Find the dimensions of the rectangle : A rectangle is 6 kilometers less than twice its length if its area is 216 square kilometers find the dimensions of the rectangle.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Explain which of these methods of encouraging growth

Explain which of these methods of encouraging growth would you suggest to a newly industrialized economy.

  Discuss how the requirement of goods impact price elasticity

Discuss how the requirement of a goods and the availability of substitutions impact price elasticity.

  What are the calulations to solving the problem

Based on this sample, the 95% confidence interval of the population proportion of working parents who feel they spend too little time with their children because of work commitments is? What are the calulations to solving this problem?

  Comprise the reason for the lawsuit the outcome of the trial

In your discussion, comprise the reason for the lawsuit, the outcome of the trial and how this lawsuit affected Microsoft and consumers.

  Price and quantity combination of profits

Compute the price or output combination and the total economic profits which would result if competitors offer clones which make the QuickerBetter market competitive.

  Illustrate marketing- pricing- distribution on these firms

Illustrate what marketing, pricing, distribution or other competitive advantages can firms exploit. What limits or constraints are on these firms.

  Most republicans need to reduce federal spending

Most Republicans need to reduce federal spending. Democrats do not want to reduce federal spending by as much as Republicans do.

  Derive the supply schedule from the supply function

A. derive the supply schedule from the following supply function: QS=10P B. Derive the supply schedule from the following supply function; QS' = 20 + 10P C. On the same graph, plot the supply schedule of part A and label it S and the supply curve of ..

  Us government managed to accumulate

Explain how the US government managed to accumulate a debt of over 14 trillion. To whom does it owe this debt? Is the debt a burden on future generations?

  Labour force participation rate and unemployment rate

The BLS estimates that in 2002, the number of working-age adults was 211.9 million, labour force was 141.8 million, and the total number of employed was 135.1 million.  Calculate the following:

  Why is the organiza-tion making changes

Devise a program to increase the level of organizational learning. 2. In what specific ways can you promote the level of learning at all levels? Making the Connection # 12 Find an example of an organization that has been using information technolo..

  Which research method and tool would select to collect data

Assume you are a marketing manager at a top marketing firm that manufactures dish soap. Which research method and tool would you select to collect data and why?The research method I would use to collect data would depend on whether I was collectin..

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