Calculate the weighted national average welfare

Reference no: EM132378473

Programming Question -

You have been given the enclosed datasets. Each dataset has data for one region, and all have the same set of variables. You have been requested to run an OLS with the following specification for the entire country:

ln(welfare) = α + _r=1Σ^Rθ_r(region_r) + φ(hsize) + β(hh_depend) + ω(asset_bycicle) + ε

where the dependent variable is the natural log of welfare, and the right-hand side variables correspond to the variables with those names in the data. Note that the omitted region in the equation should be Central Uganda. You need to provide all relevant estimates, ie coefficients, standard errors, R², and root mean squared error. The rules of the exercise are as follows:

1. You cannot load more than one of the regions into your computer at the same time. That is, at no point of the exercise you should have more than 4,300 rows or columns.

2. You can perform the exercise in the software of your choice, but you need to provide the scripts (annotated scripts are most welcome).

3. Calculate the weighted national average welfare.

4. Finally, summarize all the results (OLS with all the estimated parameters and the weighted national average welfare) in a nicely formatted table, and include it in a power point.

Note - This is a programming assignment. Please help me in doing the regression estimation keeping in mind the rules the document has. Need to be solved by using Stata.

Attachment:- Programming Assignment Files.rar

Reference no: EM132378473

Questions Cloud

Write an analysis of the other person work-thinking : In order to receive the maximum number of points go beyond merely agreeing or disagreeing in your response. In other words, bring to the Discussion Forum new.

What type of account on the balance sheet has a debit : If the someday "revenue" normal credit balance is not yet earned but cash has been received, it does not yet belong on the Income Statement.

Management or leadership challenge for each type of retailer : Describe the organizational structure of 1 traditional and 1 online retailer, identifying a management or leadership challenge for each type of retailer.

What is the maximum number of unrelated shareholders : What is the maximum number of unrelated shareholders a C corporation can have, the maximum number of unrelated shareholders an S corporation can have.

Calculate the weighted national average welfare : Calculate the weighted national average welfare. Finally, summarize all the results in a nicely formatted table, and include it in a power point

Review the internal communications in your group : What changes could be made to your peers' messages to make the communications more effective based on your interpretation of the message?

What is xpos minimum tax credit carryover : XPO Corporation has a minimum tax credit of $50,000 from 2017. XPO's 2018 tax liability before any MTC carryover is $30,000.

What you have learned about formal language : Apply what you have learned about formal language and academic writing to write your own 2- 2 ½ pages draft of an essay that analyzes a relevant change.

Essay on attracting and retaining staff : Apply their learning to a particular industry sector or problem, and tailor their argument to that sector's specific challenges

User Account

All Pages