Question: In Exercise 9.26 you estimated a cost function for 145 electric companies and tested the restriction 3 4 5 1. (a) Estimate

In Exercise 9.26 you estimated a cost function for 145 electric companies and tested the restriction µ Æ ¯3 ů4 ů5 Æ 1.

(a) Estimate the regression by unrestricted least squares and report standard errors calculated by asymptotic, jackknife and the bootstrap.

(b) Estimate µ Æ ¯3 ů4 ů5 and report standard errors calculated by asymptotic, jackknife and the bootstrap.

(c) Report confidence intervals for µ using the percentile and BCa methods.

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