Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using quarterly data for 10 years, the regression results are given in the following table where CAR = number of new car sales per

Using quarterly data for 10 years, the regression results are given in the following table where CAR = number of new car sales per thousand population, PRICE = new car price index, INC= per-capita real disposable income (in RM), IR interest rate and UN = unemployment rate. Values in parentheses are standard errors. Dependent Variable: CAR Method: Least Squares Sample: 1 33 Included observations: 33 Variables CONSTANT PRICE INC IR UN R AIC SIC Model A -8.5422 (12.8752) -0.08219 (0.0324) 0.0122 (0.0027) -0.1647 (0.0389) -0.0652 (0.3885) 0.7485 0.8451 0.9214 Model B -11.4455 (5.2161) -0.0879 (0.0211) 0.00456 (0.0005) -0.2475 (0.0299) 0.7594 0.7025 0.7987 Model C 16.3290 (1.0671) -0.0384 (0.0082) -0.2148 (0.0721) 0.6771 1.2984 1.4717 e Based on Model A, answer the following questions. i) How would you retrieve R from the adjusted R given above? Write down the estimated equation. ii) iv) (3 marks) (2 marks) Suppose income is measured in thousands Ringgit (INC"), write down the new regression equation. (2 marks) Test the overall significance of the estimated regression at 5%. (4 marks)

Step by Step Solution

3.41 Rating (167 Votes )

There are 3 Steps involved in it

Step: 1

The detailed ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Statistics For The Life Sciences

Authors: Myra Samuels, Jeffrey Witmer, Andrew Schaffner

5th Edition

321989589, 978-0321989581

More Books

Students also viewed these Accounting questions

Question

Find the quantity if v = 3i - 5j and w = -2i + 3j. |v | + |w|

Answered: 1 week ago