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effect on of multicollinearity.
a) Explain what is calculated by a correlation coefficient. b) Why do economists commonly find regression a more useful tool than correlation? c) In a sample of 102 men the corre
Peter's utility function is u(x, y) = x + 2y where x is the number of ounces of coffee and y is the quantity of sugar in grams. Let unit prices be given by P x = 6 cents, P
demand analysis of fast food among civil servant
Using a sample of 545 full-time workers, a researcher is interested in the question whether women are systematically underpaid compared to men. First, the researcher estimates aver
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How to calculate the presence of Heteroscedasticity using the Goldfeld-Quandt test
Process of least cost method and how to do a minimisation problem
Question 1: a) Explain what is a VAR giving an example both in the form of an equation and matrix. Discuss its benefits and limitations. b) How can we estimate a VAR invol
Students in the red/black card game had to make individual deals. How would the situation change if they could bargain collectively?
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