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Briefly describe the concept of VIF (what is it, why do we use it) and explain how to calculate VIF in a model with 3 independent variables.
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- In the linear model ,E (X*u) = a)X*u b) 0 c) u d) none of tha aboveWe have estimated the impact of gross domestic product (GDP), energy consumption (ENERGY) and population (POP) on CO2 emiisions (CO2) in Cyprus. The results are as follows;Dependent Variable: CO2Method: Least SquaresDate: 04/20/17 Time: 09:46Sample: 1990 2013Included observations: 24 Write down the economic function for the above estimation by using the information obtained from above table b- Write down the economic model for the above estimation by using the information obtained from above table . c- Write down the econometric model for the above estimation by using the information obtained from above table d- Write down the least squares line by using the information obtained from above tablee- Explain what each coefficient of the least squares line indicatesQuestion 10 a) Men or women increase their consumption as their income increases, but the increase in consumption is more than the increase in income. i. Use a mathematic equation to represent the information above.ii. Construct the econometric model.
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