15 Jun Economic Statistic Lab
Assignment.
Address the serial correlation from Lab 2. In order to do that, let’s try to model the time series issue. Estimate the following three regressions, and choose the best one.
A) TOTCOMP=f(FRINPERC, time)
B) TOTCOMP=f(FRINPERC, lagged TOTCOMP)
C) TOTCOMP=f(FRINPERC, time, lagged TOTCOMP)
The “time” variable is already in the data set, but you will have to generate the lagged TOTCOMP variable. In order to do this, select and copy the TOTCOMP data column, then paste it into an empty column one row lower the other data – this will give you the TOTCOMP data for the previous period lined up with the other data.
When you run a regression with the lagged data, you will lose one observation (because there is no lagged value for the first observation). Make sure to select data rows that have values for all the relevant variables when running your regression.
2. Use the Z Data Set posted on Blackboard. Estimate this regression: Y = f(X1, X2, X3). Analyze the results in the usual way, including checking for the three problems we discussed. Revise the model (drop one or more X variable, transform the data, etc.) In order to develop a better model than the initial one. Explain in detail how you arrived at the new model.
Our website has a team of professional writers who can help you write any of your homework. They will write your papers from scratch. We also have a team of editors just to make sure all papers are of HIGH QUALITY & PLAGIARISM FREE. To make an Order you only need to click Ask A Question and we will direct you to our Order Page at WriteDemy. Then fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Fill in all the assignment paper details that are required in the order form with the standard information being the page count, deadline, academic level and type of paper. It is advisable to have this information at hand so that you can quickly fill in the necessary information needed in the form for the essay writer to be immediately assigned to your writing project. Make payment for the custom essay order to enable us to assign a suitable writer to your order. Payments are made through Paypal on a secured billing page. Finally, sit back and relax.
About Writedemy
We are a professional paper writing website. If you have searched a question and bumped into our website just know you are in the right place to get help in your coursework. We offer HIGH QUALITY & PLAGIARISM FREE Papers.
How It Works
To make an Order you only need to click on “Order Now” and we will direct you to our Order Page. Fill Our Order Form with all your assignment instructions. Select your deadline and pay for your paper. You will get it few hours before your set deadline.
Are there Discounts?
All new clients are eligible for 20% off in their first Order. Our payment method is safe and secure.