Suppose that a researcher estimates a consumption function and obtains the following results: C=15+0.81Yd n=19 R2=0.99 (3.1) (18.7) where C=Consumption, Yd=disposable income, and numbers in the parenthesis are the ‘t-ratios’ a. Test the significant of Yd statistically using t-ratios b. Determine the estimated standard deviations of the parameter estimates
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Suppose that a researcher estimates a consumption
following results:
C=15+0.81Yd n=19 R2=0.99
(3.1) (18.7)
where C=Consumption, Yd=disposable income, and numbers in the parenthesis are the
‘t-ratios’
a. Test the significant of Yd statistically using t-ratios
b. Determine the estimated standard deviations of the parameter estimates
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