THIS NEEDS TO BE DONE ON PAPER SHOWING ALL WORK. THEN SCAN O
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THIS NEEDS TO BE DONE ON PAPER SHOWING ALL WORK. THEN SCAN OR TAKE A PICTURE OF IT AND UPLOAD. (DO NOT DO ELECTRONICALLY)A set of regression results for this problem are attachedYour job is to provide a statistical and economic interpretation of the results focusing on:Tests for significance of the parameters (t-tests). pp. 185-187Amount of variation in explained by the equation (adjusted R-squared), pp. 194-195Analysis of Variances (F-test) for significance of entire equation, pp. 195-196Evidence of multi-collinearity (inconsistent F and t tests or incorrect economic signs with a significant t tests), p.197Autocorrelation (Durbin-Watson statistic), p. 199 (Tables for the various tests can be found on google.)
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