Record the number of observations in the subsample

Assignment Help Econometrics
Reference no: EM131395271

Lab: EViews Exercises

1. Consider the subsample of recent college graduates (within 10 years, assuming an individual graduates from undergrad at age 22) who live in Southern California.

a. Record the number of observations in the subsample.
b. For wages, record the mean, standard deviation, skew and kurtosis.
c. Create standardizations (z-scores) of the variables: hours. Display the resulting "histograms and statistics" (from Eviews) next to those for the unstandardized versions.

2. Construct binary (indicator) variables for people who are Caucasian and for people who have at least a bachelor's degree, and then use N-way tabulation.

a. White people (Pr[A])
b. Persons with at least a bachelor's(Pr[B])
c. Persons who are white and have at least a bachelor's (Pr[A & B])
d. Persons who are non-white and have at least a bachelor's (Pr[not A & B])
e. Persons who are white or who have at least a bachelor's (Pr[A or B])
f. The proportion of white peopleamong the persons who have at least a bachelor's (Pr[A | B])
g. The proportion of non-white people who have at least a bachelor's (Pr[not B | not A])

3. Clear your subsample. Restrict your sample to people working at least 40 hours per week (no other constraints). Construct and compare the "histogram and statistics" of wages of White people, Black people, Asian people, and American Indian/Alaskan Native people. Display the four histograms next to each other.

4. The standard distance between two data sets ?? and ?? is defined as: |x‾ - y‾| / √[(nx - 1) sx2 / {(nx - 1) + (ny - 1)} + (ny - 1) sy2 / {(nx - 1) + (ny - 1)} (Notice that the denominator is the square root of a weighted average of the two variances.) Use any combination of any variables (except wages) in the entire data set to create a subsample that is (i) most similar to you personally (or perhaps as you predict yourself to be in a couple years), but that (ii) contains at least 8 observations (i.e. n ≥ 8). (There will be many correct choices; just be specific about what your subsample is.) Do this a second time, but with a different group that also meets conditions (i) and (ii). Calculate the standard distance between these two groups, and between each of them and the BRG. (You will probably need to do this by hand; I do not know of any Eviews function that computes this distance directly, although it is embedded in more complex statistical operations.)

Reference no: EM131395271

Questions Cloud

Determine a suitable drainage scheme for the new road : Choose a vertical alignment for your horizontal alignment so that it contains some cutting and some fill sections tying into the existing grades at the ends of the project. A flood crossing is to be considered for the crossing at 390 metres. Provi..
Implement the body of the createstars method : In the body of the loop, generate random x and y coordinates. Set the color to white and then paint a filled oval with a width and height of two pixels.
Which areas do you feel are most effective within culture : Which areas do you feel are most effective within the Culture? Explain why you have come to these conclusions. You have to create a thread of not less than 350 words
Discuss about the cost estimates for project resources : write a 1-page summary document explaining any relevant facts about the project duration, number or type of resources, critical task sequencing, or how duration estimates were arrived at, and any financial implications (for example, budget or cost..
Record the number of observations in the subsample : ECON 15A- Record the number of observations in the subsample. Create standardizations (z-scores) of variables: hours. Display the resulting "histograms and statistics" (from Eviews) next to those for unstandardized versions.
Create stars of random brightness : Using the same value for all color components ensures that the resulting color is a shade of neutral gray. Use this new random color for painting the stars. Make sure to generate a new color for every new star.
Create a new vector with some arbitrary direction : Test. If all went well, the rocket should drift all by itself when the scenario starts. Don't make this initial drift too fast. Experiment until you have a nice, slow initial movement.
Define philosophical anthropology : Define philosophical anthropology and compare the psychological and theological understandings of philosophical anthropology. Identify several distinct contributions offered by psychology that are absent (not offered in detail) from Christian theo..
Use of the term behavioural economics : Use of the term "behavioural economics" has been criticized on two accounts: redundancyand ambiguity. Briefly explain these two criticisms and determine whether they have anybearing on the merit of this line of economic study.

Reviews

Write a Review

Econometrics Questions & Answers

  What is the equilibrium price and quantity for each firm

Suppose the firms compete ala Bertrand. What is the equilibrium price and quantity for each firm?

  What he is willing to risk

Which of the following would be his best business options, depending on what he is willing to risk?

  Determine the profit maximizing price and output

After analysis of the business, the manager has determined that weekly demand can be approximated by Q = 25,000 - 1000P. The firm's cost function is C = 25,000 + 13Q + .002Q2, where Q is output per week. Determine the profit maximizing price and ou..

  What will be the rate of return earned by firms

a firm in a purely competitive industry has a typical structure. the normal rate of profit in the economy is 5 %. this firm is earning $5.50 on every $50 invested by its founders. what is the percentage rate return ? is the firm earning an economi..

  Is there any advantage to mixed bundling in this case

If you are a local farmer who can produce dates and eggs for free, what is the optimal price for dates and eggs if you price them individually? How much profit will you generate?

  Calculate the share of investment in gdp

Calculate the share of investment in GDP ( I GDP 100). On average, what is the share of investment spending in aggregate demand in the European Union?

  Compute the irr of each investment

a. Compute the IRR of each investment b. At MARR=15% determine the acceptability of each project c. If A and B are mutually exclusive projects, which project would you select based on the rate of return of incremental investment

  What is the optimal fixed fee to charge each consumer

The average consumer at a firm with market power has an inverse demand function of P = 10 - Q. The firm's cost function is C = 2Q. If the firm engages in two part pricing, what is the optimal fixed fee to charge each consumer

  What is the economy''s mpc

Suppose that disposable income consumption Andy saving in some country are$200 billion, $150 billion and $50 billion respectively, next assume that disposable income increase by $20 billion, consumption rises by $18 billion and saving goes up by $..

  Determine present cost of owning and operating the computer

An engineering freshman wants to purchase a laptop computer for use during the 4 ½ years that she plans to study engineering at Texas Tech.Assume that maintenance and supplies will cost $100 each six months . Use an interest rate of 12% per year wi..

  Determine the demand function and inverse demand function

The demand for good X is given by: Qdx= 1,200-1/2Px+1/4Py-8Pz+1/10M Research shows that the prices of related goods are give by Py=$5,900 and Pz=$90, while the average income of individuals consuming this product is M=$55,000.

  What proportion of total variation in q by the regression

You are given the following regression results estimating the demand for widgets based on time series data for the past 40 months. Qt = 2.5 - 0.3 x Pt + 12 x Mt Where Qt represents the quantity of widgets sold per period t, Pt represents the price..

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