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For a multiple regression with three explanatory variables the value of R2 is 0.75.Indicate whether every of the following statements is true or false and give brief reasons for your answer:(i) The three explanatory variables each describe 25% of the variation in the dependent variable.(ii) If R2 = 0.75 then three quarters of the data is perfectly described by the model.
The firm is considering manufacturing a second product in its factory alongside the first. The demand functions for the two products are: Q d1 =180 - 4P 1 Q d2 =90
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
You have won a contest and are allowed to choose between two prizes. One option is to receive $200 now and another $200 a year from now. The second option is $150 now and $255 a
Ask question #Minimum unions tie the hand of management and inhibit efficient decision making100 words accepted#
what are the causes,consequences and remedy of measurement error?
Currently the stock of Backstreet Toys (BT) is selling for $20 per share and the risk free rate is5%. a) Draw a payoff diagram for each of the following 3 portfolios: i. Buy
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
Problem: a) Using a financial or economics theory, determine a simultaneous structural model and a recursive model, explaining each variable used in the models. b) Using
Choose Y and X variables to model on the Household and the Environment Survey 2006. Using Ox software to write a program to do estimation, and then write a report based on the an
how do l get a co factor of a matrix
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