Use the knowledge of "Introductions to Econometrics" to answer the following questions:
Yt=β0+β1Xt+Ut
Show that for the Least Square Estimators:
a) The sum of the residuals equals zero.
b) The sum of the product of the independent variable and residuals equals zero.
Step by step
Use the knowledge of "Introductions to Econometrics" to answer the following questions: Yt=β0+β1Xt+Ut Show that for...
Show that for the Least Square Estimators: a) The sum of the residuals equals zero. b) The sum of the product of the independent variable and residuals equals zero. Step by step
Consider the following regression equation: Yt = β0 + β1X1+…+ βk Xk + ut. In which of the following cases is the dependent variable binary? (a) The variable Ytindicates the gross domestic product of a country (b) The variable Ytindicates whether an adult is employed (c) The variable Ytindicates household consumption expenditure (d) The variable Ytindicates the number of children in a family
Applied Econometrics Use the dataset attached on blackboard and answer the following questions: First study the simple linear regression model for the heart attack death rates, on the only basis of the number of phones. Determine whether the number of phone is associated significantly with the heart attack death rate. Write the multiple linear regression model for the heart attack death rates on the basis of the number of phones and the proportion of saturated fat. Compute the associated least...
please answer both questions and show work please Four point charges of equal magnitude are arranged at the corners of a square as shown in the figure. Positive charges are indicated by "+" and negative charges are indicated by "-" Select the only true statement about the electric potential at points a, b and c o The electric potential equals zero at points a and c, but not at point b O The electric potential equals zero at points a,...
Use your knowledge of the relationship between spectral density and autocorrelation function in order to answer the following questions. Show your work for full credit. Determine the spectral density of a process with autocorrelation function Rx(t) = 3e-2t a) Determine the spectral density of a process with autocorrelation function Rx(t)-2 sinc(0.51) b) c) Determine the autocorrelation function of a process with spectral density Sx (f) 2 sinc2(f/2) 12 Determine the autocorrelation function ofa process with spectral density Sx(a)-A+ d) Use...
Use the following to answer questions (26) through (30): A distiller produces alcohol with the following partially-completed production table: Labor (L.) Capital (K) Total Product Average Product Marginal Product The total product of 2 workers equals: 20 150 [27] The average product of 3 workers equals: None of the above [28] Suppose the price of the firm's output equals $50, while the price of labor equals $100. Accordingly, the marginal revenue product of the 2nd worker equals: A. $7,000 B....
3. In the multiple regression model shown in the previous question, which one of the following statements is incorrect: (b) The sum of squared residuals is the square of the length of the vector ü (c) The residual vector is orthogonal to each of the columns of X (d) The square of the length of y is equal to the square of the length of y plus the square of the length of û by the Pythagoras theorem In all...
υΣνΤ. Answer the following questions: Suppose a matrix A E Rmxn has an SVD A (i) Show that the rank of the miatrix A E Rmxn is equal to the number of its nonzero singular values. (ii) Show that miultiplication by an orthogonal matrix on the left and multiplication by an orthogonal matrix on the right, i.e., UA and BU, where A E Rmxn and B ERnm are general matrices, and U Rxm is an orthogonal matrix, preserve the Frobenius...
1. Answer following questions based on the given heat conduction problem. 1.71urr = ut 0< x < 10, t> 0; u(0,t) = 25, u(10,t) = 5, t> 0; u(x,0) = –22 + 8x + 25, 0 < x < 10 (a) What is the length of the bar (in centimeters)? (b) What is the temperature of the bar at the left end in degrees C)? At the right end? (c) What is the initial temperature at x = 5? At...
Please show all work and steps !! 1. Answer the following questions about conditional probability and Bayes theorem a. You roll 2 dice and record the sum i. ii. iii. Write the sample space What is the probability of the sum being 10? What is the probability that at least one of the die values was a 6 given that the sum was greater than or equal to 7?