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1. This of the following can cause the usual OLS t statistics to be invalid (that is not to have t distributions under H0). Explain why or why not for each. (6 pts)
a. Heteroskedasticity
b. A sample correlation coefficient of .95 between two independent variables that are in the model.
c. Omitting an important explanatory variable
2. Explain the difference between economic significance and statistical significance.
3. Why shouldn't researchers place too much focus on statistical significance?
4. What are the steps researchers should take when discussing statistical significance?
Gross investment is the?
Note that the first set of numbers represents the various incomes; whereas the second set of numbers represents the number of people earning each of these incomes. For example, in Avataria there are 50 people with the income of $100, 25 people wit..
People who want to work but have stopped looking for work because they could not find jobs after actively searching are called
1. a. describe the four market types by writing a separate paragraph for each. in your response for each market type be
The Dark Matter debate is about eight years old.
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two firms a and b have complete control of the supply of mineral water and both have zero costs. their best reply
Calculate the extra output due to the water project and calculate the annual output of the village if the water project would be installed in $s
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