# Question

Consider the following models estimated using regression analysis applied to time-series data. What is the long-term effect of a 1-unit increase in x in period t?

a. yt = 10 + 2xt + 0.34yt-1

b. yt = 10 + 2.5xt + 0.24yt-1

c. yt = 10 + 2xt + 0.64yt-1

d. yt = 10 + 4.3xt + 0.34yt-1

a. yt = 10 + 2xt + 0.34yt-1

b. yt = 10 + 2.5xt + 0.24yt-1

c. yt = 10 + 2xt + 0.64yt-1

d. yt = 10 + 4.3xt + 0.34yt-1

## Answer to relevant Questions

A market researcher is interested in the average amount of money spent per year by college students on clothing. From 25 years of annual data, the following estimated regression was obtained through least squares: where y = ...The data file Births Australia shows annual observations on the first confinement resulting in a live birth of the current marriage (Y) and the number of first marriages (for females) in the previous year (X) in Australia. ...An economist estimates the following regression model: y = β0 + β1x1 + β2x2 + ε The estimates of the parameters β1 and β2 are not very large compared with their respective standard errors. But the size of the ...Refer to Exercise 13.14 and data file Money UK. Let ei denote the residuals from the fitted regression and y`i be the in-sample predicted values. The least squares regression of e2 on y`i has coefficient of determination of ...An economist wants to estimate a regression equation relating demand for a product (Y) to its price (X1) and income (X2). It is to be based on 12 years of quarterly data. However, it is known that demand for this product is ...Post your question

0