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Introductory Econometrics

by: April Jerde

Introductory Econometrics ECON 410

April Jerde
GPA 3.6


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Class Notes
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This 2 page Class Notes was uploaded by April Jerde on Thursday September 17, 2015. The Class Notes belongs to ECON 410 at University of Wisconsin - Madison taught by Staff in Fall. Since its upload, it has received 22 views. For similar materials see /class/205162/econ-410-university-of-wisconsin-madison in Economcs at University of Wisconsin - Madison.


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Date Created: 09/17/15
Week 3 ECON 410 1 Wage Data cullect u y samples and run axegxsmn The L s mmmanzed m Lhe muuwmg cable wmber of abs s F gt m gt r Rrsqxxared m Manama cat M m on 1 mu m we mm space m Lbs cable almauve hypmhass fut Lbs msm s WhaL 1s you mnclusmr CAREFULLY sham yaux conclusun and mm m ugue um quoteducation is ymducuv almauve hypmhass fut Lbs msm a WhaL 1s yum conclusur CAREFULLY sLaLe yaux conclusun and mm 1L Aim check whaL kmd Di pmual whims axe haze 1f any Week 8 ECON 410 Seung Gyu Andrew Sim 2 Hypothesis Test Suppose that you estimated the equation z 80 8111i 8212i 83132 Where 0 0097 0 0021 g1 36 g1 e2 075 R2 0052 and n20 2 2 33 0 8 33 1021 1 Compute SST7 SSE7 and SSRi 2 Find the 95 con dence interval for the true parameter 61 and carefully interpret it 3 Test H0 62 06 against H1 62 gt 06 g iTestHoz l g g0i 5 One of your classmates claims that X3 is more important than X1 in determining YT Restate his claim more precisely and evaluate it 3 Constant Returns to Scale Consider the model 1th 7305 0710gLi 0i4logKi Where i19 119937 Where e2 00002 SST 0 24 and vm lvm82eov8182 008010 70001 1 Compute R2 of the regression Assume that amp2 is an unbiased estimate of 02 2 Test constant returns to scale hypothesis What are the null hypothesis and the alternative hypothesis for the test 3 Interpret your result carefullyi


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