Solution-Estimate by ols the reduced-form equations

Estimate by ols the reduced-form equations

Assignment Help Basic Statistics

Reference no: EM13891712

Question: Table gives the index of crop output Q (indexed to 1992), crop prices P (indexed to 1991- 1992), and disposable income per capita Y (in 1996 dollars), in the United States from 1975 to 1996. Assume that the market is cleared in every year so that Qt represents both the quantity bought and sold in year t.

(a) Estimate by OLS the reduced-form equations.

(b) Calculate the supply structural parameters from the reduced-form coefficients.

Table Index of Crop Output, Prices, and Disposable Income per Capita in 1996 Dollars: United States, 1975-1996

Year	1975	1976	1977	1978	1979	1980	1981	1982	1983	1984	1985
Q	68	68	74	76	83	75	87	87	68	85	89
P	88	87	83	89	98	107	111	98	108	111	98
Y	14,236	14,653	15,010	15,627	15,942	15,944	16,154	16,250	16,564	17,687	18,120
Year	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996
Q	84	86	75	86	92	92	100	90	106	96	103
P	87	86	104	109	103	101	101	102	105	112	127
Y	18,536	18,790	19,448	19,746	19,967	19,892	20,359	20,354	20,675	21,032	21,385

Reference no: EM13891712

Questions Cloud

For the demand-supply model estimate the supply equation : Table includes the additional variable wealth W , measured here by total liquid assets, in billions of dollars, to the data in Table for the United States for the years 1975 to 1996. For the demand-supply model estimate the supply equation by (a) ..

To assure a trusted and resilient information : To assure a trusted and resilient information and communications infrastructure, it is essential to secure the computer networks. Computer networks are implemented via technology. Part of solutions of their security in essence need to be via techn..

Ratio of finaltemperature of gas to its initial temperature : A monatomic idealgas (y = 5/3) that is initially at a volume of 0.08 m3 is compressed adiabatically to a volume of 0.04 m3. What is the ratio of the finaltemperature of the gas to its initial temperature

How much heat is taken by the gas during the expansion : One mole of oxygen expands at a constant temperature T of 310 K from an initial volume of 12 Lto a final volume 19 L. In this expansion internal energy is constant. How much heat is taken by the gas during the expansion

Estimate by ols the reduced-form equations : Estimate by OLS the reduced-form equations and calculate the supply structural parameters from the reduced-form coefficients.

What major economic considerations in information security : What are the major economic considerations in information security and management and Are these economic considerations serving their purposes?

The future of juvenile corrections : The Future of Juvenile Corrections

Calculate the coefficient of performance : A refrigerator is to maintain eatables kept inside at 9 De. If room temperature is 36 De, calculate the coefficient of performance

Derive the formula for the structural coefficients : determine if the demand and/or supply function is exactly identified, overidentified, or underidentified and give a graphical interpretation of your answer to part a.

User Account

All Pages

Estimate by ols the reduced-form equations

Reference no: EM13891712

Reference no: EM13891712

Questions Cloud

Reviews

Write a Review

Basic Statistics Questions & Answers

Statistics-probability assignment

What is the least number

Determine the value of k

What is the probability

Binomial distributions

Caselet on mcdonald’s vs. burger king - waiting time

Generate descriptive statistics

Sampling variability and standard error

Estimate the population mean

Conduct a marketing experiment

Find out the probability

Linear programming models

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT