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answers to homework 2 - Econometrics Spring 2008 Name...

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Econometrics Spring 2008 Name: Homework #2 This assignment is due in class on or before April 3 . This is an individual effort. Please do not consult with others. If you have any questions, please send me an e-mail. There are several variables in the file available monthly from 1977:01 to 2006:07. The data are available on Blackboard in the file HS06.xls. Double-check that the data imported correctly into Eviews, the names of the variables in the file are in the table below. HSTARTS New Housing units under construction, (thousands) HPERMITS New housing units authorized by permit, (thousands) MORT 30-Year mortgage rate (in percent), conventional mortgage HOUSEPR CPI for new homes (1982-84=100) RDPINC Real Personal Disposable Income (billions of 2000 dollars, SA) UNRATE Civilian unemployment rate in the US a. Regress HSTARTS on HPERMITS, MORT, including a constant term. Present your output in the usual form. (10 points) HSTARTS = -7.944 + 1.015HPERMITS + 1.105MORT (3.697) (0.019) (0.209) R 2 = .899, adj-R 2 = .899, AIC = 7.593, SIC = 7.626 b. Add RDPINC in to the model in part a. Present your output in the usual form. Based on

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