You give a final attempt to bring the effect of Size back into the equation by forcing the assumption of homoskedasticity onto your estimation. The results are as follows: cost^= = 7,311.17 + 3,985.20 × Reputation – 0.20 × Size (1,985.17) (593.65) (0.07) + 8,406.79 × Dpriv – 416.38 × Dlibart – 2,376.51 × Dreligion (1,423.59) (1,096.49) (989.23) R 2=0.72, SER = 3,682.02 Calculate the t-statistic on the Size coefficient and perform the hypothesis test that its coefficient is zero. Is this test reliable? Explain.
You give a final attempt to bring the effect of Size back into the equation by forcing the assumption of homoskedasticity onto your estimation. The results are as follows: cost^= = 7,311.17 + 3,985.20 × Reputation – 0.20 × Size (1,985.17) (593.65) (0.07) + 8,406.79 × Dpriv – 416.38 × Dlibart – 2,376.51 × Dreligion (1,423.59) (1,096.49) (989.23) R 2=0.72, SER = 3,682.02 Calculate the t-statistic on the Size coefficient and perform the hypothesis test that its coefficient is zero. Is this test reliable? Explain.
Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 47PS
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You give a final attempt to bring the effect of Size back into the equation by forcing the assumption of homoskedasticity onto your estimation. The results are as follows:
cost^= = 7,311.17 + 3,985.20 × Reputation – 0.20 × Size
(1,985.17) (593.65) (0.07)
+ 8,406.79 × Dpriv – 416.38 × Dlibart – 2,376.51 × Dreligion
(1,423.59) (1,096.49) (989.23)
R 2=0.72, SER = 3,682.02
Calculate the t-statistic on the Size coefficient and perform the hypothesis test that its coefficient is zero. Is this test reliable? Explain.
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