H0 : P≤0, HA : P≥0
What do the values of DL and Du imply for the calculate Durbin Waston 1.75 for 5 percent level of significance
Wage = B0+B1Age+B2Race+B3Exp+B4occup
Wage = 12.546 + 0.939Age + 0.414Race – 0.833Exp + 0.170Occup
(2.013) (0.084) (0.294) (0.079) (0.124)
Why have a problem both Age + Exp (0.124)
(Classical assumption might be violating) <- hint.
Answer:
Different observations of error term are uncorrelated each other
Serial violates classical assumption 4 always hold
Rejecting the null indicate that result are inconclusive
Positive serial correlation.
Serial correlation, its implications on the OLS model. What is classical Assumption 4 Error term has...
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Need help with stats true or false questions Decide (with short explanations) whether the following statements are true or false a) We consider the model y-Ao +A(z) +E. Let (-0.01, 1.5) be a 95% confidence interval for A In this case, a t-test with significance level 1% rejects the null hypothesis Ho : A-0 against a two sided alternative. b) Complicated models with a lot of parameters are better for prediction then simple models with just a few parameters c)...
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