This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: One of the least squares assumptions in the multiple regression model is that you have random ... (Read 126 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

AaaA

  • Sr. Member
  • ****
  • Posts: 339
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

  • Member
  • Posts: 553
Reply 2 on: Jun 29, 2018
Wow, this really help

cici

  • Member
  • Posts: 325
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Fluid mosaic model Fluid mosaic model
Schematic of a mitochondrion and Computer model generated from electron tomograms of a mitochondrion Schematic of a mitochondrion and Computer model generated from electron tomograms of a mitochondrion
Model of how direct repeats generated during the insertion of a transposon or an insertion sequence Model of how direct repeats generated during the insertion of a transposon or an insertion sequence
Model of GABA - receptor chloride channel Model of GABA - receptor chloride channel
Hepatic Acinus Model of Liver Function Hepatic Acinus Model of Liver Function
Three-Box Model Three-Box Model
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library