User Account

All Pages

Show that for large n, this estimate of ? is equal to one

Assignment Help Microeconomics
Reference no: EM13881568

Theil and Nagar have suggested that in small samples instead of estimating ρ as (1 - d/2), it be estimated as

ρˆ =((1 - d/2) + k2/n2)/1-n2/k2

where n = total number of observations, d = Durbin-Watson d, and k = number of coef?cients (including the intercept) to be estimated.

Show that for large n, this estimate of ρ is equal to the one obtained by the simpler formula (1 - d/2).

 

Reference no: EM13881568

Questions Cloud

Indicate the effect of this investment : On January 2, 2013, Sanborn Tobacco, Inc., bought 5% of Jackson Industry's capital stock for $90 million as a temporary investment.
What is the temperature at the condenser outlet : What is the temperature at the condenser outlet? Explain how you know (a single sentence should suffice). Prepare and fill in an inlet-outlet enthalpy table and calculate the required cooling rate in kW.
What is the optimal production plan for jumbo : What is the optimal production plan For Jumbo. assuming no promotion by either Jumbo or Shrimpy'? What are the annual profits for Jumbo?
Below is the schematic depiction : As Vice President of Client Services, you have been contacted by your client regarding a new advertisement that has recently run in a popular national women's magazine. Your client is an upscale women's clothing retailer. Below is the schematic depic..
Show that for large n, this estimate of ? is equal to one : Show that for large n, this estimate of ρ is equal to the one obtained by the simpler formula (1 - d/2).
Four corporate-level growth strategies : Four corporate-level growth strategies include vertical, horizontal, concentric (related) and conglomerate (diversified). Please explain each strategy, offer a brief literature review of each including the context under which each strategy is appropr..
Calculate the fractional conversion of pentane : Calculate the fractional conversion of pentane achieved in the furnace and the volumetric flow rates (L/min) of the feed air, the gas leaving the condenser, and the liquid condensate before its components are separated.
Explain what is meant by fractional reserve banking : Explain what is meant by fractional reserve banking
Investments reported as current assets : At December 31, 2013, Hull-Meyers Corp. had the following investments that were purchased during 2013, its first year of operations:

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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