Observations on the independent variable are identical

Assignment Help Business Economics
Reference no: EM131424919

What can you conclude? What happens to the least-squares intercept and the slope estimate when all observations on the independent variable are identical? Can you explain intuitively why this occurs?

Reference no: EM131424919

Questions Cloud

Identify the parts of the circular-flow diagram : Identify the parts of the circular-flow diagram immediately involved in the following transactions. John buys a car from Ford for $25,000. Ford pays George $4,000/month for work on the assembly line. Julie gets a $20 hair cut. Joe receives $5,000 of ..
Two chimpanzees chosen to carry out genetic research : Statistics 201 is a course taught at a university. Professor Rauch has taught nearly 1,500 students in the course over the past 5 years. You would like to know the average grade for the course. Two chimpanzees chosen to carry out genetic research.
Economists use economic models : Economists use economic models to guide their thinking in regards explaining and predicting that which is otherwise unknown. These models are generalizations that rest on assumptions we use in creating a simplified setting, What is important to under..
Capitalism is shaping our daily life in significant ways : Capitalism is shaping our daily life in significant ways. How do you see the economic structure (capitalism) providing limits and/or opportunities for you, your family and community?
Observations on the independent variable are identical : What can you conclude? What happens to the least-squares intercept and the slope estimate when all observations on the independent variable are identical? Can you explain intuitively why this occurs?
Calculate the regression of income on grade-point average : Calculate the regression of income on grade-point average in the example described in this chapter and compare it with the regression of grade-point average on income. Why are the two results different?
What property of oligopoly markets : The manufacturers of R.C. Cola, with 2.1% market share in the soft drink industry, recently launched a new advertising campaign describing their brand as a "hip alternative" to "corporate colas" like Coke and Pepsi. Why don’t they simply try and gain..
Should political ideology play a role in the appointment : Political ideology is said to play a large role in our Supreme Court. A conservative president, if given the opportunity, will often times appoint a court justice who also has a conservative ideology and the same goes for a liberal presidents as well..
Does the harrod-domer model imply convergence : Suppose a country wants to increase its savings rate from 20% to 40% in order to at least double its growth rate of total income. If the Harrod-Domer model is valid, is it going to succeed? Why or why not? Does the Harrod-Domer model imply convergenc..

Reviews

Write a Review

Business Economics Questions & Answers

  Elucidate use blue points circle symbol to plot the federal

Elucidate use blue points (circle symbol) to plot the federal debt as a percentage of nominal GDP for each of the six years.

  Describe the austrian school of economic

Research and describe the Austrian school of economic thought and the Keynesian school of thought. What are the major differences? Who are the major proponents? Which school of thought (or perhaps it's not even one of these)

  Evaluate change in costs over period in real terms

Evaluate change in costs over period in real terms, first in 2004 dollars and m in 2005 dollars. Are your answers same. Explain why or why not.

  Effect on the marketplace

Illustrate the effect on the marketplace for a hr. of babysitting services 30 yrs into the future when children born today.

  Theory of the leisure class by thorstein veblen

In The Theory of the Leisure Class by Thorstein Veblen. What does it tell about the period in which the writer composed it? What purpose does the document have regarding the nature of econmonics and the meaning of leisure, and how does the author def..

  Deeds and mortgages for real estate are now recorded

Ponder this immigration reform: US citizens are given the right to sell their citizenship to whomever they choose at whatever price they can get. Someone who has sold her US citizenship is no longer permitted to remain in the US without an appropriat..

  Q1 what are the factors that will allow them to increase

q1. what are the factors that will allow them to increase their added value in this type of competitive environment?

  Production of electricity result in market failure

How do externalities in the production of electricity result in market failure?

  Discuss effects on factors of production and affected groups

Imagine the US government would go back to a policy of open immigration. Discuss the effects on the factors of production and affected groups (e.g. unskilled workers) in the United States.

  What is the present worth of this alternative

What is the present worth of this alternative? What is the annual cost of this alternative? What would its present worth be if its life was shortened to 25 years in order to compare it to another alternative of that length?

  Estimate the mean yearly milk consumption

The US Dairy Industry wants to estimate the mean yearly milk consumption. A sample of 35 people reveals the mean consumption to be 60 gallons with a population standard deviation of 20 gallons. Develop a 90%, and 95% confidence interval for the popul..

  Identify and explain the incentives for entrepreneurship

Identify and explain the incentives for entrepreneurship. Address why someone would willingly take the numerous risks associated with running a business. Also, discuss the major attributes necessary for a successful entrepreneur

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd