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Consider a Simple Linear Regression Model (SLRM) of the form y= a1+a2X+e where e ~ N(0,σ2)(Use the assumptions outlined in our class and available for review in the lecture notes posted on RamCT to answer the following questions)
(a) Identify the dependent variable in this model. Is it random? If so, how is it distributed (what is the mean and variance)? Is it observable or not?
(b) Identify the parameters of this model. Are they random? If so, how are they distributed (what is the mean and variance)? Is it observable or not?
(c) Identify the error term in this model. Is it random? If so, how is it distributed (what is the mean and variance)? Is it observable or not?
Plot the appropriate short run and revenue curves ( you may need more than one diagram, and tables) to determine at which price and output levels "Draw Ltd", would achieve:
a) Explain what is calculated by a correlation coefficient. b) Why do economists commonly find regression a more useful tool than correlation? c) In a sample of 102 men the corre
A perfectly competitive firm hires its machines at a constant rental rate of r = 5 euros per unit and its workers at a constant wage rate of w = 4 euros per unit. It can also sell
what are the econometric models supporting currency revaluation and their application
Y1=Y21Y2+Bx+U1 Y2=Y21Y1+U2 First equation is demand and second is supply equation,can first equation be identifiable outline the method
(b) Suppose that the initial conditions are as follows: y0 = 0 and et = 0 for t= 0. Impose the initial conditions in order to find the general solution.
Discuss the descriptive statistics of total government expenditures and per capita government expenditures. Plot their histograms and comment.
what is law of denam?
how much it costs to make this project?
The firm is considering manufacturing a second product in its factory alongside the first. The demand functions for the two products are: Q d1 =180 - 4P 1 Q d2 =90
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