QNo. 4 growth of Pakistan is facing issues of energy supplies, oil prices volatility and political instability. Several econometric tests are applied to know the cause and effects of different factors of economy. Your job is to develop a suitable model, equation and interpret the following E-views results Economic growth requires stability of political system and affordable inputs. The economic objectively, state the hypothesis explicitly, and also state what method of regression is used for the purpose, and what does R-Square means and implies here (7+8+6-20). Dependent Variable: GDP Method: ARDL Variable Coefficient Std. Error t-Statistic Prob." EC -12041826 6881542. -1.749873 0.0919 PIS 94055749 1.03E+08 0.916839 0.3677 1.26E+08 -3.171153 0.0039 INF -4.00E+08 0.0485 42080283 0.433188 OP 18228694 0.0000 1.89E+10 5.423712 1.02E+11 8.36E+10 0.998694 Mean dependent var R-squared 2.127761 1325.844 Durbin-Watson stat F-statistic 0.000000

QNo. 4 growth of Pakistan is facing issues of energy supplies, oil prices volatility and political instability. Several econometric tests are applied to know the cause and effects of different factors of economy. Your job is to develop a suitable model, equation and interpret the following E-views results Economic growth requires stability of political system and affordable inputs. The economic objectively, state the hypothesis explicitly, and also state what method of regression is used for the purpose, and what does R-Square means and implies here (7+8+6-20). Dependent Variable: GDP Method: ARDL Variable Coefficient Std. Error t-Statistic Prob." EC -12041826 6881542. -1.749873 0.0919 PIS 94055749 1.03E+08 0.916839 0.3677 1.26E+08 -3.171153 0.0039 INF -4.00E+08 0.0485 42080283 0.433188 OP 18228694 0.0000 1.89E+10 5.423712 1.02E+11 8.36E+10 0.998694 Mean dependent var R-squared 2.127761 1325.844 Durbin-Watson stat F-statistic 0.000000

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)

14th Edition

ISBN:9781305506381

Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris

Chapter4: Estimating Demand

Section: Chapter Questions

Problem 3E

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