1. The population regression function from the given information would be
where birthweight is the dependent variable and packs is independent variable and both variables are in logs.
2. The parameter of interest is the slope of packs as the constant term mostly does not have economic interpretation.
3. The estimate of the slope of packs as from the given regression results is -0.0898131.
4. The interpretation of the slope where the regression is a log-log function then slope represents elasticity .i.e. when the number of packs of cigarettes woman smoked per day increases by 1%, ceteris paribus then the birthweight of the woman's child decreases by 0.898%.
1. A sample consists of 1,388 observations, where the unit of observation is an individual. packsi...
question:
1. A sample consists of 1,388 observations, where the unit of
observation is an individual. packsi is the number of packs of
cigarettes woman i smoked per day while pregnant, and bwghti is the
birth weight (in ounces) of the woman’s child. Given the
information found in the attached STATA output,
(a) The population model implied by the regression output
is
(b) The (population) parameter of interest is
(c) The estimate of the parameter of interest is
(d) Interpret...
A sample consists of 1,388 observations, where the unit of
observation is an individual. packsi is the number of packs of
cigarettes woman i smoked per day while pregnant, and bwghti is the
birth weight (in ounces) of the woman’s child. Given the
information found in the attached STATA output,
(1) The population model implied by the regression output
is
(2) In the space below, provide a variable that could possibly
affect your dependent variable, but was not accounted for...
Note: I will be going over the answers in class on February
7th. As such, late assignments will not be accepted. You are to
provide answers directly in the one-page assignment.
1. A sample consists of 1,388 observations, where the unit of
observation is an individual. packsi is the number of packs of
cigarettes woman i smoked per day while pregnant, and bwghti is the
birth weight (in ounces) of the woman’s child. Given the
information found in the attached...