Consider the following estimated regression equation (standard errors in parentheses): Rewrite the estimated equation, including coefficients, standard

Question:

Consider the following estimated regression equation (standard errors in parentheses):

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Rewrite the estimated equation, including coefficients, standard errors, and $R^{2}$, that would result if

a. All values of $x$ were divided by 10 before estimation.

b. All values of $y$ were divided by 10 before estimation.

c. All values of $y$ and $x$ were divided by 10 before estimation.

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Related Book For book-img-for-question

Principles Of Econometrics

ISBN: 9781118452271

5th Edition

Authors: R Carter Hill, William E Griffiths, Guay C Lim

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Question Posted: Mar 30, 2024 12:01 AM

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Consider the following estimated regression equation (standard errors in parentheses): Rewrite the estimated equation, including coefficients, standard

Question:

64.29+0.99x R = 0.379 (se) (2.42) (0.18)

Step by Step Answer:

Principles Of Econometrics

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