An estimation of the amount of GDP (Y, R billions) as a function of government expenditure (X2,

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An estimation of the amount of GDP (Y, R billions) as a function of government expenditure (X2, R billions) and exports (X3, R billions) over the period 1980 - 2012 (n = 33) was done, and the following results were obtained:

Ŷi	=	-1336.049 + 12.7413X2i + 85.7640X3i
Se	=	(175.2725) (0.9123) (8.8019)

R2 = 0.8906; ESS = 4278295.3; RSS = 525462.2

Interpret the estimated parameters b2 and b3, indicating and explaining whether or not their signs make economic sense.

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Service Management Operations Strategy Information Technology

ISBN: 978-0077841201

8th edition

Authors: James Fitzsimmons, Mona Fitzsimmons, Sanjeev Bordoloi

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Posted Date: May 20, 2021 05:01 AM

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An estimation of the amount of GDP (Y, R billions) as a function of government expenditure (X2,

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The regression equation is given as Y 1336049 127413X 2 85764X 3 Where Y is GDP X 2 is government ex... View the full answer

Service Management Operations Strategy Information Technology

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