Economics+102+Problem+Set+_3+S2010

Economics+102+Problem+Set+_3+S2010 - Economics 102 Problem...

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

View Full Document Right Arrow Icon
1 Economics 102 Problem Set #3 Simple Regression Due in SmartSite on Monday, May 3 by 10 p.m. Department of Economics Professor Siegler UC Davis Spring 2010 Instructions: Please only turn in a Word document containing all of the calculations and explanations. Use Equation Editor for Question 1 and you can paste in the Excel output, where appropriate, for Question 2. 1. Simple Regression the Old-Fashioned Way Estimate the regression coefficients with ordinary least-squares (OLS) for the model ( ܻ ൌߙ൅ߚܺ ൅݁ ) using the data below without using Excel (although you can use it to check your work and to find critical values): Y X 8 1 12 3 11 2 5 2 A. Show all of your work in computing ߙ and ߚ . B. Show all of your work in computing the coefficient of determination (R 2 ) and interpret its meaning. C. At the five-percent level of significance, can you reject the null hypothesis that ߚൌ0 ? Show your work and explain. D.
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 10/10/2011 for the course ECN 102 taught by Professor Parman during the Spring '11 term at UC Davis.

Page1 / 2

Economics+102+Problem+Set+_3+S2010 - Economics 102 Problem...

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