Finance 271 Financial Modeling & Econometrics Quiz 5 Student ID : G33041692 The Savings.txt file in Outline/Session 6/Data contains three variables, separated by blanks: Year, Savings, Income. Please consider the observations in this file to be a random sample from the population. The observations have been ordered by year. (Please note: in analyzing these data, you may encounter a "WARNING: The range of the variable YEAR is so small…" message. This warning message may be safely ignored.) Based on these data, using an α-level of .05, and using only SAS: 1. Consider a Lin-Lin regression model in which Savings is regressed on Year and Income. What is the value of p associated with a test of the hypothesis that neither Year nor Income predicts Savings in the population? 0.005 2. The conclusion that we would reach in answering Question 1 is Reject H0, Accept HA . 3. The conclusion that we would reach in answering Question 1 is Either Year or Income (or both) predict Savings 4. Consider a Lin-Lin regression model in which Savings is regressed on Year and Income. If we know that the parameters of the two independent variables are identical, what is our
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