Serial correlation in the residuals of a time series regression can occur if you fail to include a relevant lag of the dependent variable as an explanatory variable in the regression. O True O False
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Question 16
Serial
include a relevant lag of the dependent variable as an explanatory variable in the regression.
O True
O False
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- QUESTION 12 Historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. To determine (at the 10% level of significance) whether the proportion of new-car buyers that trade in their old car has statistically significantly decreased, what can you conclude concerning the null hypothesis? Reject the null hypothesis Fail to reject the null hypothesisExplain the problem of unit root in standard regression and in time-series models and explain how to use the Dickey-Fuller and augmented Dickey-Fuller tests to detect this.Consider a hypothetical regression predicting if someone will be married or not by the age of 40, MARRIED? (1 means this person is married by the age of 40 and 0 means this person is not married by the age of 40). The regression is as follows (all variables are statistically significant): MARRIED? = 0.2 + 0.03*EDUCATION - 0.01*BMI Where EDUCATION is the number of years of education someone's had and BMI is their body mass index. Suppose someone had 20 years of education and a BMI of 25. What is the predicted value of MARRIAGE? 0.35, which makes sense even though MARRIED? can only be a zero or one 0, because the calculated value is 0.35 so we round down. 0.55, which makes sense even though MARRIED? can only be a zero or one. Calculating a predicted value should not be done here because the dependent variable is a dummy variable. 1, because the calculated value is 0.55 so we round up.
- Consider a hypothetical regression predicting if someone will be married or not by the age of 40, MARRIED? (1 means this person is married by the age of 40 and 0 means this person is not married by the age of 40). The regression is as follows (all variables are statistically significant): MARRIED? = 0.2 + 0.03*EDUCATION - 0.01*BMI Where EDUCATION is the number of years of education someone's had and BMI is their body mass index. Suppose someone had 20 years of education and a BMI of 25. What is the predicted value of MARRIAGE? a 0, because the calculated value is 0.35 so we round down. b 0.55, which makes sense even though MARRIED? can only be a zero or one. c 0.35, which makes sense even though MARRIED? can only be a zero or one d Calculating a predicted value should not be done here because the dependent variable is a dummy variable. e 1, because the calculated value is 0.55 so we round up.Consider a hypothetical regression predicting if someone will be married or not by the age of 40, MARRIED? (1 means this person is married by the age of 40 and 0 means this person is not married by the age of 40). The regression is as follows (all variables are statistically significant): MARRIED? = 0.2 + 0.03*EDUCATION - 0.01*BMI Where EDUCATION is the number of years of education someone's had and BMI is their body mass index. Suppose someone had 20 years of education and a BMI of 25. Complete this sentence: For every additional year of education someone has:... a ...their chance of getting married by 40 increases by 0.03 percentage points. b ...their chance of getting married by 40 increases by 3 percentage points. c ...their chance of getting married by 40 increases by 0.03. d ...their chance of getting married by 40 increases by 3%. e This regression means nothing because the dependent variable is a dummy variable.Consider a hypothetical regression predicting if someone will be married or not by the age of 40, MARRIED? (1 means this person is married by the age of 40 and 0 means this person is not married by the age of 40). The regression is as follows (all variables are statistically significant): MARRIED? = 0.2 + 0.03*EDUCATION - 0.01*BMI Where EDUCATION is the number of years of education someone's had and BMI is their body mass index. Suppose someone had 20 years of education and a BMI of 25.
- Discuss the cause of Heteroskedasticity in regression analysisQuestion 21 Which of the following is a false statement? A) Since univariate models typically leave out lots of important RHS variables, we expect to have non-zero residuals B) A univariate regression model basically can’t be used to establish causality C) It’s always fine to assume linearity D) All of the above are correct statementsquestion 2 Suppose the following are the seasonal indices for the first three quarters of the year for a quarterly series: Quarter Seasonal Index Q1 70 Q2 134.5 Q3 115 Remember that the seasonal indices should average 100 so you should be able to infer the seasonal index for Q4. Furthermore, suppose that the estimated coeffcients from a regression of the deseasonalized series on Time are given below: Coefficients Intercept 2,484 Time 73.2 In general, what quarter is the busiest time of the year? (please just answer 1, 2, 3, or 4)
- Question 1 In order to test for the significance of a regression model involving 5 independent variables and 123 observations, the numerator and denominator degrees of freedom (respectively) for the critical value of F are _______ and _____ .QUESTION 12 Historically, the proportion of people who trade in their old car to a car dealer when purchasing a new car is 48%. Over the previous 6 months, in a sample of 115 new-car buyers, 46 have traded in their old car. To determine (at the 10% level of significance) whether the proportion of new-car buyers that trade in their old car has statistically significantly decreased, what can you conclude concerning the null hypothesis?Question 8:Research at the University of Toledo indicates that 50% of students change their major area of study after their first year in a program. A random sample of 100 students in the College of Business revealed that 48 had changed their major area of study after their first year of the program. Has there been a significant decrease in the proportion of students who change their major after the first year in this program? Test at the .05 level of significance.