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(a) Explain what is meant by the term regression.
(b) Describe the justification for the inclusion of a disturbance term in a regression analysis.
(c) With appropriate examples, discuss the different types of data that are available for empirical analysis.
(d) Show that Cov(a+bX,c+dY)= bdCov(X,Y) where a, b, c, and d are constants.
Consider the study of the effect of public-sponsored training programs. As argued in public programs of training and employment are designed to improve participant's productive ski
Define McKinsey & Company's present "core competence" in terms used by Hamel & Prahalad and state how it fits with McKinsey's longer term vision. Answer) McKinsey an
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How to calculate the presence of Heteroscedasticity using the Goldfeld-Quandt test
advantages and disadvantages
Suppose that the aggregate demand curve in a particular year is given by the algebraic expression: Y = 3000 + 1000/P, where Y is the aggregate output and P is t
what is collinearity?
t-ratio under multicolinarity
suppose only one professor teaches economics at your university, would you say that this prof is a monopolist who can exact any price from students in the form of readings assigned
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?
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