(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 ChngGDP 3.9731016 Unemp 1.0595986 Unemp MinWage _cons 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 ChngGDP 3.9731016 Unemp 1.0595986 Unemp MinWage _cons 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 this hypothesis we would normally look at the standardized coefficients beta coefficients o... View the full answer
Related Book For
Introductory Econometrics A Modern Approach
ISBN: 978-0324660548
4th edition
Authors: Jeffrey M. Wooldridge
Posted Date:
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