Significance of time trend and seasonality

Assignment Help Macroeconomics

Reference no: EM1312683

Consider the following model:

This model relates the price of houses to their distance from an incinerator both before and after knowledge the incinerator's construction was known. Y81 is a dummy variable for after the construction project was announced. In order to consider the problem more thoroughly, a more complete model was also estimated:

Additionally, several other configurations were also estimated. The results are shown on the following pages. Based on this data, answer the following questions (Note: It may be possible to compute needed values from more than one output set. In such cases, choose the one that makes the most sense to you and explain your reason.)

Comment on the significance of time trend and seasonality.

Reference no: EM1312683

Questions Cloud

Forms of market structure-competitive or noncompetitive : Is the economy of a big city more competitive than that in a small town or given neighborhood? How? Do you think your local grocer has monopoly power?

Hypothesis for proportion : what is the probability of obtaining at least 6 cases in this class if the nationwide rate holds True?

Selecting an investment : Selecting an investment while you have your choice of the following real estate investments

Characteristics of four types of markets : In the following list a number of well-known companies and the products that they sell. Which of the four types of markets (perfect competition, monopoly, monopolistic competition, and oligopoly)

Significance of time trend and seasonality : Additionally, several other configurations were also estimated. The results are shown on the following pages. Based on this data, answer the following questions. Comment on the significance of time trend and seasonality.

Probability concept : What is the probability of finding 1 or more children with chronic bronchitis in a population where the incidence rate of chronic bronchitis is 10% (like the one above?)

Prediction of unemployment using time trend : Is this a good model for unemployment? What would you add to study the problem more completely? What assumption does this model make regarding unemployment

The plane resultant velocity : An airplane flies due west at a velocity of 645 kilometres per hour (km/h). The wind blows from the north at a velocity of 125 kilometres per hour (km/h). Find the plane resultant velocity?

Computation and explain the arbitrage opportunity : Computation and explain the arbitrage opportunity and what would you do as an arbitrager and when would you stop doing it

User Account

All Pages