Questions from General Economics

Q: Use the data in OKUN to answer this question; see also

Use the data in OKUN to answer this question; see also Computer Exercise C11 in Chapter 11. (i) Estimate the equation pcrgdpt =

Q: Use the data in MINWAGE for this exercise, focusing on sector

Use the data in MINWAGE for this exercise, focusing on sector 232. (i) Estimate the equation and test the errors for AR(1) serial correlation. Does it matter whether you assume gmwaget and gcpit are s...

Q: (i) Using the data in WAGEPRC, estimate the distributed

(i) Using the data in WAGEPRC, estimate the distributed lag model by Using regression given below to test for AR(1) serial correlation. (ii) Reestimate the model using iterated Cochrane-Orcutt estima...

Q: (i) In part (1) of Computer Exercise C6

(i) In part (1) of Computer Exercise C6 in Chapter 11, you were asked to estimate the accelerator model for inventory investment. Test this equation for AR(1) serial correlation. 1) Use the data in IN...

Q: (i) Use NYSE to estimate equation (12.48

(i) Use NYSE to estimate equation (12.48). Let â„Ž t be the fitted values from this equation (the estimates of the conditional variance). How many â„Ž t are negative?...

Q: Consider the version of Fair’s model in Example 10.6.

Consider the version of Fair’s model in Example 10.6. Now, rather than predicting the proportion of the two-party vote received by the Democrat, estimate a linear probability model f...

Q: (i) In Computer Exercise C7 in Chapter 10, you

(i) In Computer Exercise C7 in Chapter 10, you estimated a simple relationship between consumption growth and growth in disposable income. Test the equation for AR(1) serial correlation (using CONSUMP...

Q: (i) Use the data in BARIUM, obtain the iterative

(i) Use the data in BARIUM, obtain the iterative Cochrane-Orcutt estimates. (ii) Are the Prais-Winsten and Cochrane-Orcutt estimates similar? Did you expect them to be?

Q: Use the data in TRAFFIC2 for this exercise. (i

Use the data in TRAFFIC2 for this exercise. (i) Run an OLS regression of prcfat on a linear time trend, monthly dummy variables, and the variables wkends, unem, spdlaw, and beltlaw. Test the errors fo...

Q: The file FISH contains 97 daily price and quantity observations on fish

The file FISH contains 97 daily price and quantity observations on fish prices at the Fulton Fish Market in New York City. Use the variable log(avgprc) as the dependent variable. (i) Regress log(avgpr...