FIXED EFFECTS MODEL RANDOM EFFECTS MODEL POOLED OLS (A) Test whether each of the
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Question:
- FIXED EFFECTS MODEL
- RANDOM EFFECTS MODEL
- POOLED OLS
(A) Test whether each of the three estimated production functions estimated using three methods exhibits constant returns to scale. (3 MARKS)
(B) As a consultant, please explain to your manager the implications of the returns to scale you have estimated in the production function in each of the three methods (3 MARKS)
Related Book For
Essentials of Business Analytics
ISBN: 978-1285187273
1st edition
Authors: Jeffrey Camm, James Cochran, Michael Fry, Jeffrey Ohlmann, David Anderson, Dennis Sweeney, Thomas Williams
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