(d) Consider the variance-covariance matrix for the model: Covariance matrix of coefficients of regress model e(V)...
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(d) Consider the variance-covariance matrix for the model: Covariance matrix of coefficients of regress model e(V) ChngGDP Unemp ChngGDP Unemp MinWage _cons 3.9731016 1.0595986 5.0531221 MinWage 1.064012 1.5776121 1.8740572 _cons -21.147919 -53.149393 -26.52766 647.90344 At the 5% level of significance test the alternative hypothesis that the change in GI growth in % has a greater impact than the unemployment rate in % (3 marks) (d) Consider the variance-covariance matrix for the model: Covariance matrix of coefficients of regress model e(V) ChngGDP Unemp ChngGDP Unemp MinWage _cons 3.9731016 1.0595986 5.0531221 MinWage 1.064012 1.5776121 1.8740572 _cons -21.147919 -53.149393 -26.52766 647.90344 At the 5% level of significance test the alternative hypothesis that the change in GI growth in % has a greater impact than the unemployment rate in % (3 marks)
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To test the alternative hypothesis that the change in GDP growth in has a greater impact than the unemployment rate in you can use the variancecovaria... View the full answer
Related Book For
College Mathematics for Business Economics Life Sciences and Social Sciences
ISBN: 978-0321614001
12th edition
Authors: Raymond A. Barnett, Michael R. Ziegler, Karl E. Byleen
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