Question: Pls help fast Question 1 The output below is data of housing expenditure, personal disposable income, price index for housing. Study the output and answer

Pls help fast

Question 1 The output below is data of housing expenditure, personal disposable income, price index for housing. Study the output and answer the following questions below. Dependent Variable: LGHOUS Method: Least Squares Sample (adjusted) : 1960 2003 Included observations: 44 after adjusting endpoints Variable Coefficientstd. Errort-Statistic Prob. C 0. 073957 0 . 062915 1. 175499 0 . 2467 LGDP I 0. 282935 0 . 046912 6. 031246 0 . 0000 LGPRHOUS -0. 116949 0 . 027383 -4. 270880 0 . 0001 LGHOUS (-1) 0. 707242 0 . 044 405 15. 92699 0 . 0000 R-squared 0. 999795 Mean dependent var 6.379059 Adjusted R-squared 0. 999780 s.D. dependent var 0. 421861 S.E. of regression 0 . 006257 Akaike info criter-7.223711 Sum squared resid . 001566 Schwarz criterion -7.061512 Log likelihood 162 . 9216 F-statistic 651 41 . 75 Durbin-Watson stat 1. 810958 Prob (F-statistic) 0 . 000000 a. Interpret and test the coefficients from this output. (15marks) b. Explain the assumptions guiding this model (5marks) c. Carry out a D-watson test (10marks) d. Outline the following concepts 1. Error correction model (5marks) 2. Partial adaptation model (5marks) (Total: 40 marks)

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