Predict the gross national product in 1987

Assignment Help Econometrics
Reference no: EM131175720

Table 5 shows the gross national product (GNP) of the United States in billions of dollars for the years 1978 through 1983.

(a) Find the line of best fit.

(b) Plot the line.

(c) From the equation of the line, predict the gross national product in 1987. (The actual figure was 4488.5.)

2232_f590f0cd-6739-4a04-89a1-9fe6214ef605.png

Reference no: EM131175720

Questions Cloud

Sophistication of the organizations accounting information : discuss how the sophistication of the organization's accounting information system impacts the accounting data and output and how the requirements for the accounting outputs impact the design of the accounting information system.
How does theory inform a research study : How does theory inform a research study? How can a generalized theory remain timely enough to be applicable to new or innovative studies?
What are the differences between data and information : What are the differences between data and information, and how can they be used for effective planning and decision making? How does access to data and information impact a manager's ability to initiate, maintain, and control quality in an organizat..
Describe relationship of story to plot in your chosen film : Describe the relationship of story to plot in your chosen film. Be sure to Identify the title, writer, director, major actors, and the year.
Predict the gross national product in 1987 : From the equation of the line, predict the gross national product in 1987. (The actual figure was 4488.5.)
Find the line of best fit for women s incomes versus time : What would this data predict about the earnings gap in 1986? (The actual gap in 1986 was 25,256 - 16,232 = 9024)
How the united states has increased its food production : Provide at least two recent (since the Green Revolution ended) examples of how the United States has increased its food production, and discuss how these changes have affected both the environment and food safety.
How might reporting rates be increased : Analyze the reporting requirements to verify if they are too lenient or too strict. How might reporting rates be increased?
Describe the economic issue selected : Describe the economic issue selected. Identify methods and tools common to addressing economic challenges in the health care industry. Discuss how the methods and tools identified relate to health care reform

Reviews

Write a Review

Econometrics Questions & Answers

  Design a simple econometric research project

Design a simple econometric research project

  Multiplicative decomposition method

Multiplicative decomposition method

  Market for cigarettes

The Australian government administers two programs that affect the market for cigarettes.

  Solve the forecast model

Solve the forecast model

  What are the marginal abatement cost functions

What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).

  Write the t statistic for testing the null hypothesis

Explain why this model violates the assumption of no perfect collinearity.  Write the t statistic for testing the null hypothesis

  What is economics system

What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type

  Multiple choice questions related to market concentration

Determine when a competitively produced product generates negative externalities in production, the industry will,

  Calculating number of units produced by firm

Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.

  Question about mobile commerce

M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.

  Calculating the average days past due and average flow time

Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:

  Mechanism of an english auction and second price auction

Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.

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