Assuming the model is re-estimated with additional new variable (lagged of LGDP), based on the new estimated results, what is your conclusion about the autocorrelation diagnostic test? If there is diagnostic problem, show how to solve the problem.
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Assuming the model is re-estimated with additional new variable (lagged of
LGDP), based on the new estimated results, what is your conclusion about the
autocorrelation diagnostic test? If there is diagnostic problem, show how to
solve the problem.
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Solved in 2 steps
- If your graphing calculator is capable of computing a least-squares sinusoidal regression model, use it to find a second model for the data. Graph this new equation along with your first model. How do they compare?Olympic Pole Vault The graph in Figure 7 indicates that in recent years the winning Olympic men’s pole vault height has fallen below the value predicted by the regression line in Example 2. This might have occurred because when the pole vault was a new event there was much room for improvement in vaulters’ performances, whereas now even the best training can produce only incremental advances. Let’s see whether concentrating on more recent results gives a better predictor of future records. (a) Use the data in Table 2 (page 176) to complete the table of winning pole vault heights shown in the margin. (Note that we are using x=0 to correspond to the year 1972, where this restricted data set begins.) (b) Find the regression line for the data in part ‚(a). (c) Plot the data and the regression line on the same axes. Does the regression line seem to provide a good model for the data? (d) What does the regression line predict as the winning pole vault height for the 2012 Olympics? Compare this predicted value to the actual 2012 winning height of 5.97 m, as described on page 177. Has this new regression line provided a better prediction than the line in Example 2?Carbon dioxide (CO,) is produced by burning fossil fuels such as oll and natural gas, and has been connected to global warming. The following table presents the average amounts (in metric tons) of COy emissions for certain years per person in the United States and per person in the rest of the world. Use a TI-84 calculator to answer the following, (a) Compute the least-squares regression line for predicting U.S. emissions from non-U.S. emissions. Round the slope and y-intercept values to four decimal places.
- Determine the best (according to sum-of-squares-measure) curve y = Aebx, through the dataabove.Transformed equationln(y) = ln(A) + bxorY = a + bx.The data regarding the production of wheat in tons (X) and the price of the kilo of flour in Ghana cedis (Y) Takoradi some years ago were: a. Fit the regression line for the day using the method of least squaresThe following table shows the length, in centimeters, of the humerus and the total wingspan, in centimeters, of several pterosaurs, which are extinct flying reptiles. (A graphing calculator is recommended.) (a) Find the equation of the least-squares regression line for the data. (Where × is the independent variable.) Round constants to the nearest hundredth. y= ? (b) Use the equation from part (a) to determine, to the nearest centimeter, the projected wingspan of a pterosaur if its humerus is 52 centimeters. ? cm
- An econometrician suspects that the residuals of her model might be autocorrelated. Explain the steps involved in testing this theory using the Durbin–Watson (DW) testAbove, a table was created to calculate the coefficients of the linear regression y=ax+b model for a data set using the least squares method. What is the coefficient a in this model?Suppose that researchers obtain a random sample of adults ages 18 – 40 and collect data on the following variables: shoe size – in inches age – in years height – in inches forearm length – in inches Suppose further that a multiple linear regression model is fit to the resulting data set using R Studio and that the following output is obtained from it. Use this output to answer the question that follows: > summary(lm(shoesize ~ age + height + forearm, data = measures)) Coefficients: (Intercept)ageheightforearm Estimate10.14882 0.06045 -0.02108 -0.06479 Std. Error 4.49245 0.06838 0.06350 0.06847 t value2.259 0.884 -0.332 -0.946 Pr(>|t|) 0.0264 0.3792 0.7408 0.3467 Residual standard error: 1.719 on 85 degrees of freedomMultiple R-squared: 0.01983, Adjusted R-squared: 0.01477 F-statistic: 0.5731 on 3 and 85 DF, p-value: 0.6342 Which of the following is the correct interpretation of the Adjusted R-squared? The probability that our model…
- Suppose that researchers obtain a random sample of adults ages 18 – 40 and collect data on the following variables: shoe size – in inches age – in years height – in inches forearm length – in inches Suppose further that a multiple linear regression model is fit to the resulting data set using R Studio and that the following output is obtained from it. Use this output to answer the question that follows: > summary(lm(shoesize ~ age + height + forearm, data = measures)) Coefficients: (Intercept)ageheightforearm Estimate10.14882 0.06045 -0.02108 -0.06479 Std. Error 4.49245 0.06838 0.06350 0.06847 t value2.259 0.884 -0.332 -0.946 Pr(>|t|) 0.0264 0.3792 0.7408 0.3467 Residual standard error: 1.719 on 85 degrees of freedomMultiple R-squared: 0.01983, Adjusted R-squared: 0.01477 F-statistic: 0.5731 on 3 and 85 DF, p-value: 0.6342 What is the estimate for the standard deviation of the residuals? 1.719 0.01983 -0.946 0.6342Suppose that researchers obtain a random sample of adults ages 18 – 40 and collect data on the following variables: shoe size – in inches age – in years height – in inches forearm length – in inches Suppose further that a multiple linear regression model is fit to the resulting data set using R Studio and that the following output is obtained from it. Use this output to answer the question that follows: > summary(lm(shoesize ~ age + height + forearm, data = measures)) Coefficients: (Intercept)ageheightforearm Estimate10.14882 0.06045 -0.02108 -0.06479 Std. Error 4.49245 0.06838 0.06350 0.06847 t value2.259 0.884 -0.332 -0.946 Pr(>|t|) 0.0264 0.3792 0.7408 0.3467 Residual standard error: 1.719 on 85 degrees of freedomMultiple R-squared: 0.01983, Adjusted R-squared: -0.01477 F-statistic: 0.5731 on 3 and 85 DF, p-value: 0.6342 Which of the following is the correct conclusion for the F-test that was performed? There is strong evidence to…Suppose that researchers obtain a random sample of adults ages 18 – 40 and collect data on the following variables: shoe size – in inches age – in years height – in inches forearm length – in inches Suppose further that a multiple linear regression model is fit to the resulting data set using R Studio and that the following output is obtained from it. Use this output to answer the question that follows: > summary(lm(shoesize ~ age + height + forearm, data = measures)) Coefficients: (Intercept)ageheightforearm Estimate10.14882 0.06045 -0.02108 -0.06479 Std. Error 4.49245 0.06838 0.06350 0.06847 t value2.259 0.884 -0.332 -0.946 Pr(>|t|) 0.0264 0.3792 0.7408 0.3467 Residual standard error: 1.719 on 85 degrees of freedomMultiple R-squared: 0.01983, Adjusted R-squared: -0.01477 F-statistic: 0.5731 on 3 and 85 DF, p-value: 0.6342 What is the test-statistic is used to test whether at least one of the explanatory variables is a significant predictor of…