{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Econometric take home APPS_Part_29

# Econometric take home APPS_Part_29 - | Prob[ChiSqd > value...

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

| Prob[ChiSqd > value] = .0000000 | | Hosmer-Lemeshow chi-squared = 23.44388 | | P-value= .00284 with deg.fr. = 8 | +---------------------------------------------+ g. The restricted log likelihood given with the initial results equals -18019.55. This is the log likelihood for a model that contains only a constant term. The log likelihood for the model is -16405.94. Twice the difference is about 3,200, which vastly exceeds the critical chi squared with 5 degrees of freedom. The hypothesis would be rejected. 2. We used LIMDEP to fit the cost frontier. The dependent variable is log(Cost/Pfuel). The regressors are a constant, log(Pcapital/Pfuel), log(Plabor/Pfuel), logQ and log 2 Q. The Jondrow measure was then computed and plotted against output. There does not appear to be any relationship, though the weak relationship such as it is, is indeed, negative. +---------------------------------------------+ | Limited Dependent Variable Model - FRONTIER | | Dependent variable LCF | | Number of observations 123 | | Log likelihood function 66.86502 | | Variances: Sigma-squared(v)= .01185 | | Sigma-squared(u)= .02233 | | Sigma(v) = .10884 | | Sigma(u) = .14944 | | Sigma = Sqr[(s^2(u)+s^2(v)]= .18488 | | Stochastic Cost Frontier, e=v+u. | +---------------------------------------------+ +---------+--------------+----------------+--------+---------+----------+ |Variable | Coefficient | Standard Error |b/St.Er.|P[|Z|>z] | Mean of X|

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

View Full Document
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

### Page1 / 4

Econometric take home APPS_Part_29 - | Prob[ChiSqd > value...

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

View Full Document
Ask a homework question - tutors are online