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Explain in detail the autocorrelation consequences in assumption of the OLS estimators.
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- How you would mitigate the effect of autocorrelation in the analysis.here is a negative relationship between two variables if: they move in opposite directions. they move in the same direction. one variable changes and the other does not. neither variable moves.Topic : Econometrics How to solve autocorrelation problem.
- When positive autocorrelation is present, standard errors of OLS estimators become _____. Select one: a. smaller b. indeterminate c. larger d. zeroIf the annual rate of world oil consumption t years after 1970 is modeledby the equation R(t) = 16.1e^.07t (billions of barrels per year), how much total oil (net change) was used between 1976 and 1980?Explain the term "Autocorrelation" in relation to Time Series data?
- This is how I interpret the question units of slope: distance/time?asapSuppose the relationship between the government's tax revenue (T) and national income (Y) is represented by the equation T=10+0.25Y. Plot this relationship on a scale diagram, with Y on the horizontal axis and T on the vertical axis. Interpret the equation.According to Exhibit A-5, what is the relationship between the price per pizza and the quantity of pizzas purchased? a. Direct b. Inverse c. Complex d. Independent
- Q5. Make a hypothetical data table and try to make interrelationships between AC, MC and AVC for ten observations. Keep in mind the trend of certain variables. Support Your answer with the help of correct graphs and their respective interpretations like Q TFC TVC TC ATC AVC AFC MC 1 2 3 4 And So onHow do you find the MP of X1 and X2? I need these to find overall TRS and I'm struggling to follow along with no actual figures.q16b- A researcher is estimating an equation for sales of a company considering a range of independent variables. Which case should be modelled with a dummy variable? Select one: a. the effect of price b. the effect of advertising expenditure c. the effect of seasonality d. the effect of inflation Clear my choice