Author Question: Some of the most common methods of collecting data include experiments, telephone surveys, mail ... (Read 191 times)

mrsjacobs44 · **on:** Jun 24, 2018

Some of the most common methods of collecting data include experiments, telephone surveys, mail questionnaires, direct observations, and personal interviews.

Indicate whether the statement is true or false

Question 2

The model yt = 8 + 2.1xt + 0.25yt-1 is estimated using regression analysis applied to time-series data. What is the effect of a 1-unit increase in x in period (t + 1 )?

What will be an ideal response?

Jmfn03 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

TRUE

Answer to Question 2

An increase of 1-unit in the independent variable x in time period t leads to an expected increase in the dependent variable y of (2.1 )(0.25 ) or 0.525 in period (t + 1 ).