Question: The demand function for good X is QXd = a + bPX + cM + e , where Px is the price of good X
The demand function for good X is QXd a bPX cM e where Px is the price of good X and M is income. Least squares regression reveals that:
a b csigma asigma bsigma c
The Rsquared is
a Compute the tstatistic for each of the estimated coefficients.
Instruction: Enter your responses rounded to the nearest two decimal places. If entering a negative number, be sure to use a negative sign
ta
tb
tc
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