Refer to the Longley data given in Section 10.10. Repeat the regression given in the table there

Question:

Refer to the Longley data given in Section 10.10. Repeat the regression given in the table there by omitting the data for 1962; that is, run the regression for the period 1947–1961. Compare the two regressions. What general conclusion can you draw from this exercise?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

Question Posted: