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yi = ß1xi1 +ß2xi2 +ß3xi3 +ß4xi4 + ei
For the hypothesis H0 : ß2=1, ß3= ß4
(a) propose a test statistic (with specific, rather than general, notation.)
(b) state what is its distribution under the null and why
(c) explain the conditions under which you would reject H0
(d) show how your test statistic can be computed from two regressions.
The United States is currently recovering from its bad recession in over twenty-five years. Applying the resource provided in this and earlier modules of course describe what factors or activities you think helped cause this economic condition.
How do you interpret the effect of immigrant status on wages when the model is Log wages regressed on immigrant dummy, and an immigrant dummy interaction
The Australian government administers two programs that affect the market for cigarettes.
Suppose that you have just been employed as a consultant to help a company decide which of 3-options to take to maximize the value of the company over the next three years.
Are there any predictable performance cycles for Wal-mart? If so, what are the periods over which its cycle waxes and wanes?
An ice cream vendor sells three flavors: chocolate, strawberry, and vanilla. 45% of the sales are chocolate, while 30% are strawberry, with the rest vanilla flavored.
As a natural experiment to estimate the effect of education on receivings, a researcher compares schooling and educational attainment of two groups of people.
Each society in the nation is suddenly responsible for designing its own local commodity based financial system, and you have been assigned the task of selecting what commodity your society will use and how it will be implemented.
Obtain standard errors of your estimates in part (a) using the Wild bootstrap with and using the bootstrap (with B = 9; 999) test H0 : 2 = 0 vs. H0 : 2 = 0 at the 5% level.
When a recession is over, do people start to immediately feel affects of an efficient economy? Use the experience of most recent recession to justify your answer.
Briefly describe your answer and clearly, showing any necessary computations. Westminster Corporation has had the following experience over the last five quarters:
Based on the information for the U.S. for the period 1970 to 1983, the following regression results were obtained, GNPt = -787.4723 + 8.0863M1t r2 = 0.9912
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