MicroExam 4

MicroExam 4 - Micro-Exam 4 ESM 206C Spring 2008 Once you...

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Micro-Exam 4 ESM 206C Spring 2008 Once you read this file, you may not ask for help from your peers or the instructors, nor may you discuss with them any of the concepts from the first problem set. If you have a question about how to run the software, you may ask your instructors (not your peers). Your solution is due to Heather by 4 PM on Tuesday, May 27. Please email your answers to her or put a hard copy of your answers in her mailbox. Good luck!
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The file gas2.xls on the course website is similar to gasmarket2.xls (the variables are the same), but has fewer observations. Open this dataset, and run an OLS regression of consumption on income and price (Consumption ~ Income + Price). 1. Based on the regression output, which coefficients are different from zero, using and alpha of 0.05? What are the 95% confidence intervals for each parameter estimate (remember that you can get these in R commander from Models -> Confidence intervals)? 2. Looking at diagnostic plots of the regression, are you concerned that any of the
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This note was uploaded on 08/06/2008 for the course ESM 206 taught by Professor Kendall,berkley during the Spring '08 term at UCSB.

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MicroExam 4 - Micro-Exam 4 ESM 206C Spring 2008 Once you...

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