Q.no.1 In the model analysis, we have two models of poverty control program. In the 1st...
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Q.no.1 In the model analysis, we have two models of poverty control program. In the 1st model, the researcher has taken variable. Poverty =B+B1y+B2job+83family income+u. (1) where Y=Per capita income Poverty =Bo+B1yo + B2job +33family income + μ (2) Where 'Yo' is economic growth. The researcher is confused which model to use either 1st and 2nd based on some values and variables missing in 1st? Provide solution? Q.no.2 Take data of Economic growth or your own in test and estimate Ramsay reset model. An mention results of each steps? Q.no.1 In the model analysis, we have two models of poverty control program. In the 1st model, the researcher has taken variable. Poverty =B+B1y+B2job+83family income+u. (1) where Y=Per capita income Poverty =Bo+B1yo + B2job +33family income + μ (2) Where 'Yo' is economic growth. The researcher is confused which model to use either 1st and 2nd based on some values and variables missing in 1st? Provide solution? Q.no.2 Take data of Economic growth or your own in test and estimate Ramsay reset model. An mention results of each steps?
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Question 1 The researcher should use the 1st model for the following reasons 1 All of the necessary variables are included in the 1st model 2 The 1st model is more parsimonious and therefore simpler t... View the full answer
Related Book For
Fundamentals of human resource management
ISBN: 978-0073530468
4th edition
Authors: Raymond A. Noe, John R. Hollenbeck, Barry Gerhart, Patrick M
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