Solutions for Highland Park Wood Case
(The file hpwsolutions.xlsx contains all the calculations and the regression outputs)
What is your best forecast of what the price of Southern Pine will be in March 1988, and what
is your uncertainty about that for
Problem Set 1 Solutions
Basic and Conditional Probability
1. You flip a coin three times. Determine the probability that (i) all are heads; (ii) all are
the same (either H or T); (iii) the second is a head; (iv) at least one is a tail. Suppose you
Solutions for Gasoline Demand Case
(GasolineDemandSolution.xlsx file contains all calculations)
Calculate a 95% confidence interval for the average gasoline consumption of a household.
We use the sample of = 5001 households to compute a 95% confidence
Solutions for Breakfast Foods Case
(The file BFsolutions.xlsx contains all the calculations and the regression outputs)
Should Fred Sharp be rewarded for the information he gave?
There are two problems with evaluating the contribution of Fred Sharp. Fi