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Problem: a) In what circumstances would you apply switching models? b) Using dummy variables for seasonality show how you would test for January effects in financial data?
This problem refers to Doughtery's Educational Attainment and Earnings Functions (EAEF) data set, accessible through the course website. This data is a subset of the U.S. National
How can a person achieve his goal for development?Explain it with 5 examples.
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what are the test for heteroscedasticity?
(a) Estimate how much more or less workers on average earn when they work for government as opposed to private sector, holding their characteristics constant. Interpret the finding
prove that summation k =0 and summation kxi=1
#question.elaborate the different methods for the estimation of simultaneous equation model in case of exact and over identification?
expected solution plus hypothesis
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