Question: please assist with step by step explanation (10 marks) Consider the following regression model Yi = Bo + BIXli+ B2Xzi + Ui This model has

please assist with step by step explanation

(10 marks) Consider the following regression model Yi = Bo + BIXli+ B2Xzi + Ui This model has been estimated by OLS. The Gretl output is below, followed by the estimate of the covariance matrix of the estimated parameters. Model 1: OLS, using observations 1-55 Dependent variable: Y Coefficient Std. Error t-ratio p-value const 1.16175 0.0992723 11.70 0.0000 X1 1.45029 0.0390025 37.18 0.0000 X2 0.627516 0.0444035 14.13 0.0000 Mean dependent var 3.628901 S.D. dependent var 3.290462 Sum squared resid 17.49279 S.E. of regression 0.580000 R2 0.970081 Adjusted R2 0.968930 F(2, 52) 843.0041 P-value(F) 2.37e-40 Log-likelihood -46.53915 Akaike criterion 99.07830 Schwarz criterion 105.1003 Hannan Quinn 101.4071 const X1 X2 const 0.00985 -0.00231 -0.00045 X1 -0.00231 0.00152 -0.00015 X2 -0.00045 -0.00015 0.00197 Use a t-test with the critical value method and a significance level of 5% to test Ho : B2 = B1 against H1 : B2 # B1

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

please assist with step by step explanation (10 marks) Consider the following regression model Yi = Bo + BIXli+ B2Xzi + Ui This model has been estimated by OLS. The Gretl output is below, followed by...

What are the two conditions for omitted variable bias?Based on the answer above, are our OLS estimators biased or unbiased? Give short explanations. We are given a sample of n observations that...

Please assist with step by step explanation Consider the following regression model Yi = Bo + BIXli + B2Xzi + B3X3i + B4Xsi + Wi This model has been estimated by OLS. The Gretl output is below. Model...

Please help me solve the following questions on the attachments bellow. Assume that aggregate demand curve can be expressed by the following function: W = 55 - 3Q. while the aggregate supply curve...

Please solve the Problem 2, thanks. bye the way, "all" of information just on the picture, this picture has all and detail information of the assignment. Consider the model: =1,2,...,n, (1) 2) Yi =...

ALL OF INFORMATION JUST ON THIS PICTURE. Consider the model: =1,2,...,n, (1) 2) Yi = x; 3+ u= Bo + B121,i + B2X2,i + ... + BpXp,i + Ui, where x; = [1, X1,1 , X2,1, . . . , Xp,i] and B' = [B0, B1, B2,...

,.kindly solve please 1. Consider the simple regression model: V/i = Po+ Piri +ui, for i = 1, ..., n, with E(ur,) 7 0 and let z be a dummy instrumental variable for a, such that we can write: with...

,. I NEED YOUR EFFORT HERE PLEASE 1. The simple linear regression model Y, = Bo + Bir; +;, &; " N(0, 0'), i = 1, ..., n, can also be written as a general linear model Y = XB+E, where Y = (Y1, . . .,...

please insert formula for the first 3 questions thanks Question 3 (25% = 10 points) The concept of likeness is not defined in the GATT but jurisprudence established a four-tier test; discuss the...

Use the fact that (Which we will derive in Section 9.7) to find the expected value of the random variable X in Problem 39? .xp" = -1 (1 - p)

A county with 1M (M for million) population, 2% unemployment, and no inflation, voted to build a stadium and rent it to a professional baseball team. The team owner, who was not a county resident,...

1.10 If two employees who are working in the same division both earn an income of $1,500, what arguments could be used to show that the underlying variableability to earnis continuous?

11.15 Management has stated that it will tolerate one stockout per year. The forecast of annual demand for a particular SKU is 100,000 units, and it is ordered in quantities of 10,000 units. The lead...

3. Give away need to know information and you will get back information that you find useful.

4. Present multiple themes at once. Then you will get to know a little about how others think, when some of the themes are rejected.

5. Get a third party to mediate, so that both parties have the opportunity to go back to their original negotiating point that they had before the third party put forward his/her proposal.