Based on the data for 19472002, Kellsted and Whitten obtained the following regression: M = 74.00 -2.71GDP
Question:
Based on the data for 1947–2002, Kellsted and Whitten obtained the following regression: M₁ = 74.00 -2.71GDPt where M = percentage of households in which a married couple is present and GDP = gross domestic product.
a. Does this result make sense?
b. How would you interpret the regression?
c. Is there a cause-and-effect relationship between the two variables?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (2 reviews)
a No it is counter intuitive b For every 1 unit ...View the full answer
Answered By
Asim farooq
I have done MS finance and expertise in the field of Accounting, finance, cost accounting, security analysis and portfolio management and management, MS office is at my fingertips, I want my client to take advantage of my practical knowledge. I have been mentoring my client on a freelancer website from last two years, Currently I am working in Telecom company as a financial analyst and before that working as an accountant with Pepsi for one year. I also join a nonprofit organization as a finance assistant to my job duties are making payment to client after tax calculation, I have started my professional career from teaching I was teaching to a master's level student for two years in the evening.
My Expert Service
Financial accounting, Financial management, Cost accounting, Human resource management, Business communication and report writing. Financial accounting : • Journal entries • Financial statements including balance sheet, Profit & Loss account, Cash flow statement • Adjustment entries • Ratio analysis • Accounting concepts • Single entry accounting • Double entry accounting • Bills of exchange • Bank reconciliation statements Cost accounting : • Budgeting • Job order costing • Process costing • Cost of goods sold Financial management : • Capital budgeting • Net Present Value (NPV) • Internal Rate of Return (IRR) • Payback period • Discounted cash flows • Financial analysis • Capital assets pricing model • Simple interest, Compound interest & annuities
4.40+
65+ Reviews
86+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Based on the data for the years 1962 to 1977 for the United States, Dale Bails and Larry Peppers obtained the following demand function for automobiles: t = 5807 + 3.24Xt r2 = 0.22 se = (1.634) where...
-
Based on the data in Table 7E.8 if an np chart is to be established, what would you recommend as the center line and control limits? Assume that n = 500. TABLE 7E.8 Data for Exercise 7.14 Day Number...
-
Based on the data in Exercise 4-23, prepare an income statement, statement of owners equity, and balance sheet for Homeland Security Services Co.
-
4 pts A lottery winner will receive $0.5 mulhon at the end of each of the next se yearn. What is the future value of her winnings at the time of her final payment, given that the interest rate is 6%...
-
Answer the below questions. a. If there is a shortfall in interest paid to the senior tranches of a CDO, how is the shortfall made up? b. If coverage tests are failed for a CDO, how is the principal...
-
A material that tends to lose electrons is put into contact with a material that tends to gain electrons. Why wont electrons flow continuously between these two materials?
-
The following table gives the vapor pressure of water for various temperatures, previously reported in Exercise 5.2. Exercise 5.2 The following table gives the vapor pressure of water for various...
-
Bouter Corporation Limited (BCL) began operations in 1996 and in 2006 adopted a defined benefit pension plan for its employees. By January 1, 2017, the defined benefit obligation was $510,000. On...
-
In a 150-250 word response (excluding references) and respond to any two of the following bullet points in your response. Describe the different stages a proposed product will need to go through...
-
JB Limited is a small specialist manufacturer of electronic components and much of its output is used by the makers of aircraft for both civil and military purposes. One of the few aircraft...
-
President Joe Biden plans to propose to the U.S. Congress an infrastructure investment plan (highways, bridges, tunnels, etc.) at a cost of about $2 trillion. To pay for this, he also plans to...
-
Since we do not observe the PRF, why bother studying it? Comment on this statement.
-
What is the time frame when an egg is released in a female called?
-
Building on some of the examples introduced, explore some examples of intrinsic motivation that you think are important to peoples daily lives. Do these motivations improve behaviour, or not? Justify...
-
How are insights from behavioural macroeconomics useful to policy-makers, and are they more useful than insights from conventional macroeconomic theory? Are there other behavioural insights, not...
-
Outline the essential elements of social motivation theory. What does the empirical evidence tell us about social motivations and can this evidence be explained using insights from conventional...
-
What is the difference between well-being, life satisfaction and happiness? Illustrate with some examples.
-
Explore the assumptions about rationality implicit to belief learning models and discuss whether these assumptions make a robust theory of learning or not.
-
Briefly describe four legal standards for insanity and their requirements.
-
Consider the setup in Problem 16. Show that the relative speed of the ball and the point of contact on the stick is the same before and immediately after the collision. (This result is analogous to...
-
Web site contains data on 1247 cars from 2008.14 Is there a strong relationship between a car's MPG (miles per gallon) and the number of cylinders it has? a. Create a scatter plot of the combined MPG...
-
Explain carefully the meaning of each of the following terms: a. Population regression function (PRF). b. Sample regression function (SRF). c. Stochastic PRF. d. Linear regression model. e....
-
From the data given in the preceding problem, a random sample of Y was drawn against each X. The result was as follows: a. Draw the scatter gram with Y on the vertical axis and X on the horizontal...
-
3. A 5 kg cantilever is supported by a pin connection at O and is connected to a hydraulic thrust at A as shown in Fig. Q3. A load of 50kg is hung at the end of the cantilever. Calculate with free...
-
Question 1: Four masses A, B, C, D as shown below are to be completely balanced. A Mass (kg) Radius (mm) 180 B 30 240 C 50 120 D 40 150 The angle between B and C is 90. B and C make angles of 210 and...
-
The principal strains at a point on the aluminum fuselage of a jet aircraft are = 780(10-6) and 2 = 410(10-6). Part A Determine the associated principal stresses at the point in the same plane. Eal =...
Study smarter with the SolutionInn App