ECO312_Problem set 1 - METU NCC Economics Program ECO 312...

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METU – NCC Economics Program ECO 312 Principles of Econometrics 2 Spring 2011 Problem set 1 Problem 1 Interpret the information below. For every test, state the hypotheses, the statistic used in the test, and the decision. Country IMOR PCGNP Tanzania 104 160 Nepal 126 180 Mali 168 230 Nigeria 103 290 Ghana 88 400 Philippines 44 630 Cote d’Ivoire 95 770 Guatemala 57 900 Turkey 75 1280 Malaysia 23 1940 Algeria 72 2360 Uruguay 23 2470 Korea 24 3600 Greece 12 4800 Venezuela 35 3250 Spain 9 7740 Israel 11 8650 Australia 9 12340 U.K. 9 12810 U.S.A. 10 19840 Where: IMOR: Infant mortality rate (per thousand live births), 1988 PCGNP: Per capita GNP (1988$)
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Country IMOR PCGNP IMOR_hat uhat abs(uhat) Rank abs(uhat) Rank PCGNP di di^2 Algeria 72 2360 65.5 6.532 6.532 4 11 -7 49 Australia 9 12340 8.9 0.137 0.137 1 18 -17 289 Cote d’Ivoire 95 770 74.5 20.514 20.514 8 7 1 1 Ghana 88 400 76.6 11.416 11.416 5 5 0 0 Greece 12 4800 51.6 -39.628 39.628 15 15 0 0 Guatemala 57 900 73.7 -16.748 16.748 6 8 -2 4 Israel
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ECO312_Problem set 1 - METU NCC Economics Program ECO 312...

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