What econometric problems seem to exist in this equation

Assignment Help Microeconomics

Reference no: EM13456103

You are hired by farmer vin, a famous producer of bacon and ham, to test the possibility that feeding pigs at night allows them to grow faster than feeding them during the day. You take 200 pigs(from new-born piglets to extremely old porkers) and randomly assign them to feeding only during the day or feeding only at night and, after six months, end up with the following(admittedly very hypothetical) equation: W ^i=12+3.5Gi+7.0Di-0.25Fi (1.0) (0.10) t= 3.5 7.0 -2.5 R ¯^2= 0.70 N=200 DW=0.50 Where: Wi= the percentage weight gain of the ith pig. Gi= a dummy variable equal to 1 if the ith pig is a male, 0 otherwise. Di= the dummy variable equal to 1 if the ith pig was fed only at night, 0 if only during the day. Fi= the amount of food(pounds) easten per day by the ith pig.

a. Test for serial correlation at 5- percent level in this equation

b. What econometric problems appear to exist in this equation?(hint: be sure to make and test appropriate hypotheses about the slope coefficients.)

c. The goal of your experiment is to determine whether feeding at night represents a significant improvement over feeding during the day. What can you conclude?

d. The observations are ordered from the youngest pig to the oldest pig, does this information change any of your answers to the previous part of this question? Is this ordering a mistake? Explain your answer.

Reference no: EM13456103

Questions Cloud

Define operations managementexplain how operation : resources virtual organizationschoose an organization for this assignment from one of the following resources middot

Predict the likely outcome of disciplining a civil service : suggest the most significant difference in the recruiting and hiring process for civil services versus private

Explain the value of work of the joint commission in the : create an argument that describes why job descriptions are necessary in a health care organization. provide support for

Chinas first emperor qin unified the different : chinas first emperor qin unified the different territories and states into one empire. discuss the importance of

What econometric problems seem to exist in this equation : you are hired by farmer vin a famous producer of bacon and ham to test the possibility that feeding pigs at night

Describe and analyze the wartime experiences of the : describe and analyze the wartime experiences of the revolution and the effects on women slaves and natives.your

The number of youths joining gangs in the inner city has : write a 5-6 page paper answering the following questions 1.what would be another theory and strategy to avoid

What kinds of jobs are needed in an organization how has : what kinds of jobs are needed in an organization? how has specialization of labor or division of labor been implemented

Throughout most of us history in most locations what race : answer each of the following questions 100 word responses for each--so a total of 400 words for 4 questions throughout

User Account

All Pages