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From the U.K. private sector housing starts (X) for the period 1948 to 1984, Terence Mills obtained the following regression results* :
a. On the basis of these results, is the housing starts time series stationary or no stationary? Alternatively, is there a unit root in this time series? How do you know?
b. If you were to use the usual t test, is the observed t value statistically significant? On this basis, would you have concluded that this time series is stationary?
c. Now consider the following regression results:
consider the following linear programming problemmin a 2bs.t.a 4blt or equal to 212a b gt or equal to 73a 1.5b lt or
The firm operates in perfectly competitive market and product markets. The going price of capital (r) is $1,000 per machine per week. Moreover, the firm sells its output at the going price (p) of $1 per widget. Consider the firm's short run labor ..
A five-year-old defender has a current market value of $4,000 and expected O&M cost of $3,000 this year, increasing by $1,500 per year. Future market values are expected to decline by $1,000 per year.
Develop a personal statement and action plan for the conclusions you have come to as a result of reading the course text (Seider, 2012). There are two parts to this assignment.
A firm wants to lease some land from you for 20 years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the 20 years. If the salvage value is estimated to be worth $20,000
Select a representative natural ecosystem in your area or one in which you are interested-such as a lake, preserve, or park-that is managed for native species.
Supply Function: A review of industry-wide data for the jelly and jam manufacturing industry suggests the following industry supply function: Q = 59,000,000 + 500,000P - 125,000PL - 500,000Pk + 2,000,000W Where Q is cases supplied per year, P is the..
How does your state's performance compare to the U.S economy's performance over the last year? What explanations have been offered in the press? How accurate are they?
A local video store estimates their average customer's demand per year is Q = 20 - 4P, and knows the marginal cost of each rental is $1.00. How much should the store charge for an annual membership in order to extract consumer surplus.
(Leakages and Injections) What are the leakages from and injections into the circular flow? How are leakages and injections related to the circular flow?
Staff inc, a management consulting company, is surveying the personell of Acme Ltd. It determined that 35% of the analysts have an MBA and that 40% of all analysts are over age 35. Further, of those who have an MBA, 30% are over age 35.
Compare the coefficients of S in regressions (1) and (2). Give both mathematical and intuitive explanations of the direction of the change. Also compare the coefficients of ASVABC in regressions (1) and (3) and explain the direction of the change.
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