are106-homework-3 - Econometrics Homework 3 ARE 106...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
ARE 106 Econometrics Homework 3 Winter 2010 A. Havenner Computer Problems: In your analysis of the questions that follow, paste the Gretl output such as summary statistics, OLS regression results, and any tables or plots into your editable output file, leaving room to write in any analysis requested by the questions. (It is easy to type in sentences without Greek symbols; it is usually easier to leave room to write in neatly by hand certain mathematical results.) In your work below, you will have to ignore the statistics that have not yet been discussed which Gretl automatically calculates and reports at the bottom of the OLS results. 1. Data 3-2 contains observations on aggregate personal income and expenditures on health care in 1993. See DatalRead info for the specific details. Open this dataset by selecting File/Open data/Sample file, double click data3-2 Income and health care spending. [4] a. Is this dataset time series or cross section data? Why, very briefly? Obtain the summary statistics for the health care expenditures and income and write a single sentence for each reporting the mean and standard deviation. Be sure to identify the units in which each of these is measured.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/18/2010 for the course ARE 106 taught by Professor Havenner during the Winter '09 term at UC Davis.

Page1 / 2

are106-homework-3 - Econometrics Homework 3 ARE 106...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online