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Equation: UNTITLED workfile: DATA-ECONOMETRICS:Data-econometrics\ - View Proc Object Print Name Freeze Estimate Forecast Stats Resids Series: Residuals Sample 2 264 Observations 142 16 Mean Median Maximum 62287.78 AiRii Std. Dev 15558.97 Skewness 1.387931 Kurtosis5.388834 2.81e-12 3913.582 12 -23534.44 Jarque-Bera 3.354001 Probability 0.294112 20000 -10000 010000 20000 30000 40000 50000 60000

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Answer #1

The mean of the observations is close to zero. The deviation from the mean which is measured by standard deviation is quite big that is 15558.97. Skewness is a measure of observations symmetry. Here the skewness measure is positive that is 1.387931 which means that the data set is positively skewed. A positive skewness implies that the size of the right tail is larger than the size of left tail. Kurtosis measures the peakedness of the data set. When a distribution is normal then the kurtosis measure is 3. Here the measure is 5.388834, this is leptokurtic.

Jarque-bera test is done to check the normality of the data.

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