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Take Home 1 headspring zero(prenominal) 1 briefly see the following in words or equivalences as portion: (a) Degrees of freedom (b) Estimated regression par (c) The Six move in Applied reasoning backward Analysis (d) ordinary bicycle Least Squares (e) The meaning of ?1 in: Yi = ?0 + ?1 X1i + ?2 X2i + ?i Question No. 2 2 of the most important econometric concepts to date take in been the hit-or-miss misconduct term and the residual. Care all-embracingy distinguish in the midst of these ii concepts, being sure to: (a) define both terms (b) immortalise how they are similar, (c) state how they are different, (d) give an example of an equation that contains a stochastic error term, and (e) give an example of an equation that contains a residual Question No. 3 A source of constant discussion among apply econometricians is the degree to which appraises of the boilers shell fit of an estimated equation also measure the qualit y of that regression. To date, we have introduced something like four different measures of boilers suit fit, but the two most calld are R2 and adjust R2 . (a) Carefully distinguish between R2 and adjusted R2. (b) Of the two, which do you root on typically victimization? Why?

(c) What drawbacks are there to the use of the measure you chose (as your declaration to part (b) above) as the primary causal factor of the overall quality of a regression? Question No. 4 Consider the following estimated equation: Ct= 18.5 ? 0.07Pt + 0.93YDt ? 0.74D1t ? 1.3D2t ?1.3D3t where: Ct = Per-capita pounds of porc consumed in the U.S. in quarter t. Pt = The price of a hundred pounds of po rk (in dollars) in quarter t. YDt = Per cap! ita disposable income (in dollars) in quarter t. D1t = blank shell equal to 1 in the commencement quarter (Jan.Mar.) of the course of instruction and 0 otherwise. D2t = poop equal to 1 in the second quarter of the yr and 0 otherwise. D3t = Dummy equal to 1 in the terzetto quarter of the year and 0 otherwise. (a) What is the meaning of the estimated coefficient of YD? (b) Specify...If you want to desexualize a full essay, order it on our website: OrderEssay.net

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