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Econometrics-BA

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A determination coefficient of 0.725 shows:

0%
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SUMMARY OUTPUT    
      
Regression Statistics    
Multiple R  (3 decimals)  
R Square  (3 decimals)  
Adjusted R Square0.988    
Standard Error4.601    
Observations16    
      
ANOVA     
 dfSSF (1 decimal!) Significance F
Regression427185.7 2.63E-11
Residual11232.8   
Total1527418.5   
      
 CoefficientsStandard   Errort Stat (3 decimals!)Accepted HypothesisIs the estimator significant?
Intercept-498.453535.9966
X Variable 10.01090.0021
X Variable 20.00990.0020
X Variable 30.00580.0005
X Variable 40.01920.0035

 

How many explanatory variables are in the model?

How many observations are for each variable?

Theoretical value of t Student ratio is (using the Excel function "=tinv(...)" for 5% probability level and degrees freedom of is (with 3 decimals): .

Establish the result of statistical test of the significance for each estimator knowing only this value and their t* in the table.

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Based on the following regression table, answer the questions:

Multiple R

0.98029

 

Regression Statistics

SUMMARY OUTPUT

R Square

0.96097

     

Adjusted R Square

0.95260

     

Standard Error

561.4967

     

Observations

18

     

ANOVA 

df

SS

MS

F

Significance F

 

Regression

3

108671100

36223700.01

114.8943

4.262E-10

 

Residual

14

4413899.96

315278.569

   

Total

17

113085000

 

 

 

 

 

Coefficients

Standard Error

t Stat

P-value

Lower 95%

Upper 95%

Intercept

-29260.193

7591.1797

-3.8545

0.0017

-45541.654

-12978.732

X Variable 1

-165.650

99.125

-1.6711

0.1169

-378.252

46.952

X Variable 2

822.942

76.408

10.7703

3.7E-08

659.062

986.822

X Variable 3

388.431

190.400

2.0401

0.0607

-19.937

796.799

 

a) Write the model (coefficients rounded at 2 decimals):

                           yteo=+x1+x2+x3

b) Which is the number of explanatory variables? .

c) Which is the number of the observations of variables? .

d) The model validity is appreciated based on the value of . Write its value with 4 decimals: .

e) Write the multiple correlation coefficient with 4 decimals

f) Looking at the regression table establish if the estimators are significant from 0, at a significance level of 5%.

 

 Coefficients

P-value

Significance

a0

0.0017

a1

0.1169

a2

3.7E-08

a3

0.0607

 

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The following table contains the indicators: GDP per inhabitant and the volume of greenhouse gas emissions in transport activity in Romania during the period 1995-2014.

Using the function =CORREL(array_1,array_2) of Excel, calculate the correlation coefficient and appreciate the intensity and the link nature, for the required period (write with 3 decimals).

The simple correlation coefficient between the two indicators for the period 2000-2014 is (with 3 decimals): .

The nature of correlation between the two indicators is 

.

The intensity of the correlation is

.

The simple correlation coefficient between the two indicators for the period 1995-2014 is (with 3 decimals) .

The intensity of the correlation is 

.

For the period 2000-2014 the correlation is

than that for the period 1995-2014.

Use the functions intercept and slope to identify the estimators of the simple regression model for the greenhouse gas emissions depending on the real GDP per capita for the entire period 1995-2014.

 Greenhouse gas emissions from transportReal GDP per capita
ROmillion tonnes of CO2 equivalent(2010), euro per capita
19958.5533700
199611.9723900
199712.2433700
199811.5473600
19999.5723600
20009.9133700
200111.9403900
200212.2984300
200312.9524500
200413.5854900
200512.5795100
200613.0585600
200713.7206100
200815.3976700
200915.1776300
201014.2306300
201114.3706400
201215.2496400
201315.0886700
201415.6196900

 

The free term (with 3 decimals) is estimated a0= and the regression coefficient (with 6 decimals) is estimated a1=.

Without considering the GDP per capita, the greenhouse gas emissions from transports activity, yearly recorded an average quantity of (3 decimals) millions tonnes COequivalent.

For each euro added to the GDP per capita, the greenhouse gas emissions increased yearly in average with (round at integer; attention to the unit measure) tonnes COequivalent.

Calculate the theoretical values using the identified linear model and then the residuals.

The maximum positive deviation of the empirical values of greenhouse gas emissions from to the model was the residual value of (3 decimals) millions tonnes COequivalent, recorded in the year .

The maximum negative deviation of the empirical values of greenhouse gas emissions from to the model was the residual value of (3 decimals) millions tonnes COequivalent, recorded in the year .

Make the chart of correlation between y and x.

Make the chart of evolution for y variable. On both charts add the theoretical y values.

Specify the number of y values lower and equal than the theoretical coresponding values: .

Specify the number of y values higher than the theoretical coresponding values: .

Make also the chart of x variable evolution.

Looking at the chart of the theoretical y variable evolution (on the same chart with y variable evolution) you may conclude that it looks

.

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About the link between the two variables we can say that:

- is of

nature;

- it has a

form;

- the intensity of link is

.

The dependent variable is

.

The independent variable is

.

For each variable there were recorded observations.

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Complete the title of the chart (write only the missing words): .

About the link between the two variables we can say that:

- is of

nature;

- it has a

form;

- the intensity of link is

.

The dependent variable is

.

The independent variable is

.

For each variable there were recorded observations.

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Complete the title of the chart (write only the missing words):

About the link between the two variables we can say that:

- is of

nature;

- it has a

form;

- the intensity of link is

.

The dependent variable is

.

The independent variable is

.

For each variable there were recorded observations.

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The manager of a supermarket says 50% of buyers can immediately appreciate the price of the products placed in the basket. Considering that this proportion is underestimated, a commercial consultancy makes a survey of 802 buyers, out of which 423 prove that they can really appreciate the correct price of the purchased products.

The ratio (w) of those in the sample setting the correct price is (in %, with 2 decimals): %.

Test for a threshold of 5%, 7% and 10% significance level, if you can accept the null hypothesis, that is, the director's statement that half of the buyers can appreciate the correct price.

The Critical Report (CR) is (with 2 decimals): .

The test is

.

At a 5% significance threshold, the z coefficient to compare the CR is (use the Excel function =NORMSINV(....) and depending on the nature of the test consider its positive and / or negative value) (write here in absolute value): . Because the CR is

the theoretical value z, the H0 hypothesis will be
with a 95% probability, meaning that the director's statement was 
.

At a significance threshold of 7%, the z coefficient to compare CR is (use the function Excel =NORMSINV(....) and depending on the nature of the test consider its positive and / or negative value) (write here in absolute value): . Because CR is

the theoretical value z, the H0 hypothesis will be
with a probability of 93%, meaning that the director's statement was
.

At a 10% significance threshold, the z coefficient to compare CR is (use the Excel function =NORMSINV(....) and depending on the nature of the test consider its positive and / or negative value) (write here in absolute value): . Because the CR is

the theoretical value z, the H0 hypothesis will be
with a 90% probability, meaning that the director's statement was
.

Knowing the CR value to be established, using the =NORMSINV(....) function, which is the probability of accepting the hypothesis H0 (in %, with 2 decimals) based on this sample: %? The significance threshold (a) is in this case (in %, with 2 decimals): % and represents the probability from which the H1 hypothesis can be considered true. This level of significance is called "p-value" in English.

From the three analyzed situations, the "p-value" calculated on the basis of the sample is greater than the significance threshold of

and the hypothesis H0 is true and can be accepted with a probability
.

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A detergent company, packs the products in 3 kg bags.

The average weight distribution of the bags is known to be normal, with a standard deviation of ± 150 grams.

A sample of 16 detergent bags shows an average weight of a 2.95 kg per bag.

At a 5% significance threshold, do the test of the null hypothesis according to which the average weight of a bag is 3 kg.

This statistical test for product quality control is:

.

The calculated critical report CR (with 2 decimals) is .

The theoretical value of the

distribution at a 5% significance threshold is (in absolute terms, using 2 decimals) .

The critical ratio CR calculated in absolute value is

than the theoretical value to compare and we
the hypothesis
.

We can say that

to the standard of 3 lg/bag.

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