This topic contains a solution. Click here to go to the answer

Author Question: When we estimate a regression to determine the relationship between changes in consumption and ... (Read 62 times)

Lobcity

  • Hero Member
  • *****
  • Posts: 524
When we estimate a regression to determine the relationship between changes in consumption and changes in current income, we find that
 
  A) there are no residuals.
  B) the R2 is zero.
  C) the MPC is larger than one.
  D) all of the above
  E) none of the above

Question 2

Ordinary least squares is a technique that can be used to
 
  A) identify the best model.
  B) determine which variables in a model are endogenous and which are exogenous.
  C) obtain a bar graph showing successive quarterly increases in output.
  D) obtain a line describing consumption behavior in the real world.
  E) determine the direction of causation between consumption and income.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

stallen

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

E

Answer to Question 2

D




Lobcity

  • Member
  • Posts: 524
Reply 2 on: Jun 30, 2018
Wow, this really help


tanna.moeller

  • Member
  • Posts: 328
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

After a vasectomy, it takes about 12 ejaculations to clear out sperm that were already beyond the blocked area.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

For a complete list of videos, visit our video library