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Author Question: One of the least squares assumptions in the multiple regression model is that you have random ... (Read 91 times)

BRWH

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on: Jun 29, 2018
One of the least squares assumptions in the multiple regression model is that you have random variables which are i.i.d. This stands for
 
  A) initially indeterminate differences.
  B) irregularly integrated dichotomies.
  C) identically initiated deltas (as in changes).
  D) independently and identically distributed.

Question 2

Give at least three examples from economics where you expect some nonlinearity in the relationship between variables. Interpret the slope in each case.
 
  What will be an ideal response?


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AaaA

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Reply #1 on: Jun 29, 2018
Answer to Question 1

Answer: D

Answer to Question 2

Answer: Typical answers involve the Cobb-Douglas production function, the Phillips curve, earnings functions, and (given the textbook discussion) student performance and income.


BRWH

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Reply 2 on: Jun 29, 2018
Excellent

Animal_Goddess

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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