The data reported in the Excel file CrimeSeverity comprises two variables, namely, Severity Index (which represents...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The data reported in the Excel file CrimeSeverity comprises two variables, namely, Severity Index (which represents the non-violent crime severity index obtained from Statistics Canada's CANSIM database) and Methamphetamine (which represents the Google Trends search index in Canada using methamphetamine as the keyword). The yearly data covers the period from 2004 (the first available Google Trends data) to 2018. (a) Draw a scatterplot of the relationship between the Severity Index and methamphetamine search index and comment on the relationship between the two variables. (b) Use GRETL to compute the correlation between the Severity Index and methamphetamine search index and comment on the relationship between the two variables. (c) Run a simple linear regression of the severity index (the dependent variable) on the methamphetamine search index (the independent variable). Based on this regression results, do you think that the search index is a useful predictor of the severity index? Hint: you could look at the estimated slope coefficient as well as goodness-of-fit as measured by R-squared. (d) Interpret the R-squared value you obtained in part (c). Hint: R-squared is the percentage of the variation in the dependent variable explained by variation in the independent variable(s). A A B с 1 RefYear SeverityIndex Google Trends 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 xgpn12134 15 9 10 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 K < > > 107.22 102.41 100 94.31 88.85 85.26 80.53 74.5 73.01 66.92 65.38 68.44 70.1 70.67 72.16 Sheet1 + 15.16 26.33 22.83 15.67 14.58 13 12.83 12.58 14.33 17.41 17.5 17 17.5 16 17 D E F G H 1 J K L M N O P Q || < R S T U V W X Y Z AA AB S中,周 A 88 The data reported in the Excel file CrimeSeverity comprises two variables, namely, Severity Index (which represents the non-violent crime severity index obtained from Statistics Canada's CANSIM database) and Methamphetamine (which represents the Google Trends search index in Canada using methamphetamine as the keyword). The yearly data covers the period from 2004 (the first available Google Trends data) to 2018. (a) Draw a scatterplot of the relationship between the Severity Index and methamphetamine search index and comment on the relationship between the two variables. (b) Use GRETL to compute the correlation between the Severity Index and methamphetamine search index and comment on the relationship between the two variables. (c) Run a simple linear regression of the severity index (the dependent variable) on the methamphetamine search index (the independent variable). Based on this regression results, do you think that the search index is a useful predictor of the severity index? Hint: you could look at the estimated slope coefficient as well as goodness-of-fit as measured by R-squared. (d) Interpret the R-squared value you obtained in part (c). Hint: R-squared is the percentage of the variation in the dependent variable explained by variation in the independent variable(s). A A B с 1 RefYear SeverityIndex Google Trends 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 1 2 3 4 5 6 7 8 xgpn12134 15 9 10 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 K < > > 107.22 102.41 100 94.31 88.85 85.26 80.53 74.5 73.01 66.92 65.38 68.44 70.1 70.67 72.16 Sheet1 + 15.16 26.33 22.83 15.67 14.58 13 12.83 12.58 14.33 17.41 17.5 17 17.5 16 17 D E F G H 1 J K L M N O P Q || < R S T U V W X Y Z AA AB S中,周 A 88
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
If you wanted to have $500,000 one year from today and desired to earn a 10 percent return, what amount would you need to invest today? Which amount has more value, the amount today or the $500,000 a...
-
Determine the present value of $50,000 to be received at the end of each of four years, using an interest rate of 6%, compounded annually, as follows: a. By successive computations, using the present...
-
Determine the present value of $400,000 to be received in three years, using an interest rate of 10%, compounded annually, as follows: (a) By successive divisions. (Round to the nearest dollar.) (b)...
-
In Mark A. Cohen, The Costs and Benefits of Oil Spill Prevention and Enforcement, Journal of Environmental Economics and Management Vol. 13 (June 1986), an attempt was made to quantify the marginal...
-
Richard is employed by a Canadian oil company. In Year 3, he was transferred from Toronto to Calgary. He rented his home to a tenant while he was in Calgary (Year 3 to Year 9). In the middle of Year...
-
Greensboro Properties Inc. owns a building in which it leases office space to small businesses and professionals. During 2011, Greensboro Properties engaged in the following transactions: a. On March...
-
The tube is 0.25 in. thick, is made of a 2014-T6 aluminum alloy and is fixed at its bottom and pinned at its top. Determine the largest axial force that it can support. 6 in. y. x P 6 in. x 10 ft P
-
Ryan Corporation incurred the following costs while manufacturing its product. Instructions (a) Identify each of the above costs as direct materials, direct labor, manufacturing overhead, or period...
-
10. Two converging lenses, each with a focal length of 0.12 m, are used in combination to form an image of an object that is located 0.36 m to the left of the left lens in the pair. The distance...
-
Your company is considering investing in its own transport fleet. The present position is that carriage is contracted to an outside organization. The life of the transport fleet would be five years,...
-
Mr. Kale and Mrs Kale married, and Mrs. Kale died 2017 and Mr. Kale a widower with two dependent children living at home. In 2018 and 2019, Mr. Kale filed a return as a surviving spouse. Identify the...
-
Green Captain Solar manufactures and sells solar panels that can be added on to existing solar panel systems on individual homes and businesses. The market covers both new panels as well as recycled...
-
Burlap Ltd manufactures burlap sacks for the transport of maize on a very large scale and the company has experienced volatile short-term funding requirements over the past year. The management of...
-
It is important for management to understand how different departments and customers contribute to the profitability of a company. Profitability is comprised of both price and costs. Costs can be...
-
Deep water scuba diving school has debt of $ 2 , 0 0 0 , 0 0 0 and the interest rate it pays on the debt is 1 0 % . the sales of the company are 3 0 , 0 0 0 , 0 0 0 . the tax rate is 2 5 % and the...
-
Q6) Given the below zero rates (continuously compounded) from the CCIL, can you price the the security mentioned as: 7.00% GOI 2030 (maturing on 27th July 2030: exactly after 8 years) Maturity (Yrs)...
-
True & False The basis of an asset must be reduced by the depreciation allowable, 2. Adjusted gross income (AGI) is the basis for a number of phase-outs of deductions. 3. A change to adjusted gross...
-
Effect of deferrals on financial statements: three separate single-cycle examples Required a. On February 1, 2010, Moore, Inc., was formed when it received $70,000 cash from the issue of common...
-
In an inflationary period, which inventory cost flow method will produce the highest net income? Explain.
-
John Dillworth is in charge of buying property used as building sites for branch offices of the National Bank of Commerce. Mr. Dillworth recently paid $110,000 for a site located in a growing section...
-
Nan-Clean is a newly developed cleaning liquid for milk bottles that uses special enzymes to remove dirt effectively. Nan-Clean has been positioned as a product that is made of natural ingredients...
-
How does laddering as a technique help in qualitative research?
-
We used an example of going to the Esri Tapestry Segmentation website for an Active Learning exercise. Go to those instructions. Enter your residence ZIP code and describe the inhabitants in terms of...
Study smarter with the SolutionInn App